Buy Infosys, Jubilant Foodworks, Redington, SKF India: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his investment ideas.

What stocks are you recommending today?

We can buy Infosys at Rs 2,900. Yesterday we saw Rs 30-40 type of gain. It has stabilised. Again, this is probably a point of maximum pessimism on that stock. So can be looked at.

Suzlon has returned from Rs 58 levels. It probably sets up as a short candidate with a stop loss of about Rs 58. It could go back to levels of Rs 49. So, that could be a target.

Jubilant Foodworks has touched new highs. We can buy it with a stop of about Rs 660 and a target of Rs 750.

We can buy Redington with a stop of about Rs 80 and a target of Rs 98.

SKF India again has touched new highs. We can buy it with a stop of about Rs 600 and target of Rs 760.

Federal Bank seems to have completed its intermediate rally. So, we can sell it with a stop of about Rs 456 and a target of Rs 410 is possible here.