Manish Hathiramani of Deen Dayal Investments recommends buying Mahindra & Mahindra, Tata Steel and Hero Motocorp.
"The second buy is on Tata Steel for a target of Rs 266 keeping a stop loss of Rs 238. The level of Rs 215 - 245 was the sluggish phase that we were facing. The stock is now gone past that, above the levels of Rs 250 they are back into the bull grip and we can then see higher levels," he said.
"The last buy is on Hero Motocorp for a target of Rs 2,715 and a stop loss of Rs 2,500. The auto sector overall seems to be showing some positive energy. The stock had a short-term resistances around the levels of Rs 2,600 and we are now trading above that."