Ashwani Gujral of ashwanigujral.com is of the view that one may buy Balkrishna Industries, Prestige Estates and Edelweiss Financial.
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "As far as individual stocks are concerned Balkrishna Industries is a buy with a stoploss of Rs 2,100 target of Rs 2,250. Prestige Estates is a buy with a stoploss of Rs 303, target of Rs 321. Edelweiss Financial Services is a buy with a stoploss of Rs 288, target of Rs 302."
"Shriram Transport Finance seems to have restarted a rally. It has been very choppy, all kinds of news flow. It is at the top end of a very broad range which is Rs 750 to about Rs 1,300. Once we get pass Rs 1,300 maybe a new leg will start on the upside. I think just for the day they are better plays ahead."
"IT is off hardly 100 points, now that does not negate what it has done over the last three weeks. My sense is that you got a 1 percent rupee appreciation but IT may find buying at lower levels. So, once this euphoria is out, IT stocks at lower levels should be bought. Definitely, financials is the strongest space and anybody who is looking to write this move should look at buying banks, financials, PSU’s etc."
"Housing finance will just keep getting better and again we got macro news on housing also, so this is a time possibly to add DHFL. Keep a stoploss say closer to Rs 550 and maybe next target one could watch for would be closer to Rs 800."
