Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Tata Steel is now in some sort of a momentum move. Finally, they have got somebody else to palm off the European operations. So, easily because of this you can get up to Rs 740-750. However, it is not exactly great value, etc. So, from here it is possibly a momentum play and you could get Rs 40-50 fairly soon."
"NBCC is now pushing out of a range which has stayed for a while. So, possibly next target here is Rs 245-250. So, now you have a very clear stop loss. I think Rs 195-200 can be used as stop loss."
"Vertical rallies happen because of some corporate action. No need to get in now into Bombay Dyeing, but if you are in, just keep holding it and hold it till the rally lasts. I think yesterday’s low as a stop loss can be maintained, but no question of getting in afresh," he said.
"Kajaria Ceramics is a breaking out of a long consolidation and one that will possibly lead to levels of Rs 1,000. However, next level is possibly Rs 840-850 that can happen on Kajaria," he added.
"Yes Bank is a buy with a stop loss of Rs 376 and target of 392. HDFC is a buy with a stop loss of Rs 1,760 and target of 1,810. L&T Finance Holdings is a buy with a stop loss of Rs 204 and target of 218."
"Dr Reddy's Laboratories, Aurobindo Pharma, etc. are all looking good. Even Lupin is now beginning to move up. So it looks like a fairly strong sectoral move which is coming in."
"The better gas stocks are Indraprastha Gas (IGL), Mahanagar Gas (MGL), etc. In GAIL India, nothing often comes out of the moves it tends to make. So, I would stick with IGL or MGL."
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