Would buy an ICICI at 1050 than Infy at 3200: Ashwani Gujral

Everyone has been talking about how probably look at IT frontliners as well the likes of Infosys, TCS, HCL Technologies, even Wipro, for that matter. Will these also feature amongst the list of cherry-picks?

Ashwani Gujral: Again these are strong stocks so yes as a trader those should be your first preferences but I would rather buy an ICICI Bank at a 1050 than buy Infosys at 3200 so you are getting much better value in some of these sectors which have corrected quite a lot and banking is like it is going out of fashion just few days back banking used to be the best sector now it has corrected, large stocks have corrected 30%.

State Bank-the whole business of the government of India is done through State Bank so these are good levels to get into these stocks and if the financials are just going through a deep correction in an overall long term bull market that they are in so particularly financial people should look at.