Ashwani Gujral of ashwanigujral. said, "The point is that let us remember this is not China, this is a democracy. So one circular will not solve all our problems. So let us not get over excited. South India Bank since it is a small bank and not impacted by news, etc. that is where the patterns are most useful. So, this is a buy with a stoploss of Rs 28 and target of Rs 31."

He further added, "Shipping is doing extremely well. Shipping Corporation of India (SCI) is a buy with a stoploss of Rs 74 and target of Rs 88."

"Ceat - yesterday afternoon tyre stocks started some kind of a correction, I am hoping that continues. So, that is a sell with a stoploss of Rs 1,900 and target of Rs 1,820. Indian Oil Corporation (IOC) is a sell with a stoploss of Rs 425 and target of Rs 400. Vedanta is a sell with a stoploss of Rs 244 and target of Rs 226."

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