Buy YES Bank, IndusInd Bank on dips, GAIL may hit Rs 425: Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "I would start buying; you can’t really have exact levels where you get all in. So, you start buying 25 percent, 50 percent as we go lower towards 7,920. From those levels you should have some sort of intraday play on the upside. However, today you buy the strong stocks of yesterday. So, all these private banks, etc, YES Bank and IndusInd Bank are giving you dips. Today is the day to get into these stocks. Morning could be weak; I think the afternoon could be much better." "GAIL India has moved up and possibly coming out of a correction. So, chances are that Oil and Natural Gas Corporation (ONGC), etc are now catching up. We could see levels of Rs 420-425 on GAIL fairly soon," he added.