Ashwani Gujral of ashwanigujral.com said, "Voltas is a buy with a stop of Rs 510 and target of Rs 535. Gruh Finance is a buy with a stop of Rs 474 and target of Rs 500. IGL is a buy with a stop of Rs 1,160 and target of Rs 1,210."

"Punjab National Bank (PNB) is a sell with a stop of Rs 158 and target of Rs 146. Delta Corp is also a sell with a stop of Rs 168 and target of Rs 156," he added.

He added, "Yes Bank has crossed its previous high. So, if it gets back to say Rs 1,650-1,660, that would be a good buying opportunity and definitely with this sort of market, that level coming should not be a big surprise."

"The best of Biocon seems to be behind it at least in the short term because it has recently become fairly volatile with large moves on both up and down side. I don’t think I would now try to get into Biocon. Maybe Cadila Healthcare is a much better stock, much more consistent upside."

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