Buy BHEL, Larsen, Crompton on dips: M Thakkar

Mitesh Thakkar of Edelweiss Capital is of the view that one can buy stocks like BHEL, Larsen & Toubro and Crompton Greaves on dips.

Thakkar told CNBC-TV18, "It is more stocks specific market and there is clear lack of volumes as pointed out on the show and it indicates that nothing significant, which might happen over the next few weeks or if you talk about 15-20 days or probably a month or so. So I think it will be a lot more stocks specific market and there is some interesting things happening in the pharma sector, if you see in stocks like Sun Pharma, Glenmark and Lupin trade very close to their 52- weeks highs and that is why I think some action can happen."

He further added, "Capital goods is another sector, which we like a lot infact the chart patterns suggest that it will be a good strategy to buy stocks like BHEL, Larsen & Toubro and Crompton Greaves on dips. I think these are two sectors or probably couple of few stocks, where we can find some kind of interesting patterns on the charts."