On Friday, Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Power Finance Corporation (PFC) is a sell with a stop loss of Rs 126 and target of Rs 114. Tata Motors is a sell with a stop loss of Rs 441 and target of Rs 420. State Bank of India (SBI) is a sell with a stop loss of Rs 276 and target of Rs 262."

Gujral added,  "IIFL Holdings is a buy with a stop of Rs 598 and target of Rs 620. Shipping Corporation of India (SCI) is a buy with a stop loss of Rs 80 and target of Rs 91."

"UltraTech Cement is coming off. So, basically around Rs 3,900-3,850 is a good place to get into it. Cement is in a bull market. Finally you will get Rs 4,400-4,500. So, on declines this is one of the stocks you should try to buy," he said.

He further aforesaid, "From a charting point of view, there seems to be more to go on the rally because both Grasim Industries and Aditya Birla Nuvo have not really corrected in this decline. So, I would think in Grasim probably Rs 1,400-1,450 is possible. Similar sort of return on AB Nuvo as well."

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