Kulkarni advices to buy RIL, L&T, ICICI Bank on dip

Kulkarni told CNBC-TV18, "Reliance Industries (RIL) would be one of the best buys which one can have, if the market actually gives some bit of correction, because the chart is clearly saying that there is a possibility of around Rs 825-830 being tested. So any decline in case of Reliance I think that would be a good opportunity to enter into the stock."

He further added, "In banking stocks ICICI Bank is one of the stock were one can actually initiate long positions on declines. Third which I would like to pick is L&T. So any decline in case of these 3 stocks I would use to buy into the counters. At this point of time when the market is at 5362, wait for the decline, the decline will come and at that point of time one can initiate the long positions."