Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The amount HDFC fell, I don’t think the rally has been substantial and given that the market is contracting, this is a counter trend move. It fell from Rs 1,450 down to Rs 1,150. You had this 130 point type of move, one-third retracement. So, I won’t bet on it given that I am expecting the market to go back to 7,900. So, maybe it can hold up today or so but the real action should happen from tomorrow when the news is out." "I don’t think there is a great trade on the index but individual stocks like Asian Paints, maybe a Maruti Suzuki - IT looks like it is showing follow through. So, if you have to buy then stay on the IT side and if you have to sell, probably look towards selling individual banks. Overall, I don’t think you will make great moves today," he said. "Mindtree looks very good because it had its kind of bear market plus IT is doing well. Sun TV is still neither here nor there. Probably Rs 450-550 is the range but in the longer term, I believe some sort of bottom has been made. However, for the day Mindtree is a better choice."
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