Short DHFL, Muthoot Finance; buy SREI Infra: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "You can go short on Dewan Housing Finance Corporation (DHFL) with a stoploss of Rs 540 and target of Rs 515. Muthoot Finance is a sell with a stoploss of Rs 470 and target of Rs 445."

"You can buy SREI Infrastructure with a stoploss of Rs 101 and target of Rs 113."

"I would add Ashok Leyland as the market comes off, maybe at about Rs 105 thereabouts, and then look for Rs 135. Rs 83 or Rs 80, if that level comes back again, then possibly the entire growth which is getting factored in is over. So, Rs 83 is very close to the downside of the stock and the investor needs to use these declines to get into it around Rs 105 if he gets that price."

"Don’t buy ICICI Prudential nor SBI Life because apparently these IPOs are extremely well priced and nothing is being left on the table. Why not buy a wealth manager who will make other people buy SBI Life polices, so Edelweiss Financial Services is a much better choice. Once it corrects, maybe to Rs 230-250 type of zone, I think build positions on the wealth manager," he added.