Buy Jindal Steel & Power, Sundram Fasteners; sellIndia Cements: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Jindal Steel & Power (JSPL) is very interesting, it went through a 2-day correction, then started to make fresh intermediate highs today. This is a buy with a stop of Rs 157 and target of Rs 170. Sundram Fasteners is a buy with a stop loss of Rs 485 and target of Rs 510. India Cements is a sell with a stop loss of Rs 180 and target of Rs 168."

"Within the NBFC space, I would look at Bajaj Finance, Bajaj Finserv and L&T Finance Holdings, same old usual suspects. Maybe housing finance has corrected quite a bit, particularly PSU ones. So Can Fin Home looks particularly interesting around Rs 500."

"Gas has been in a bull market for last three to four years. I think given the way you have macro news around it, it is going to be the flavour for some years to come. Obviously try to buy into declines on all of these stocks, but I think they should go up much more from here given all the noise. You may not stop diesel, or petrol cars tomorrow, but if you keep saying it often enough, I think the stocks will keep moving up," he added.