Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India even at current level.
"We should sell pharmaceutical names, which means go short even at the open, even with gap downs. The chances are there is a trend trade here for the next few days on the downside," he said.
"It makes a lot of sense to buy Bata India. The only difference is that you want now to keep it as a position for a few weeks, maybe just till the Budget - just before the Budget. However, even at current level, it is worth buying."