Buy Bata India, sell Zee Entertainment; hold Eicher Motors: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would recommend a buy in Bata India, stop loss of Rs 618 and target of Rs 672."

"On the sell side, on a bounce back, I would recommend a sell in Zee Entertainment, stop loss of Rs 522 and target of Rs 501," he said.

"I would recommend a hold on Eicher Motors. I still don’t think this is one of those weak stocks which will fall down; yes it is correcting with the market. I would hold with a stop loss of Rs 27,900, a little below Rs 28,000; I think that will hold. I expect the stock to move in the Rs 28,000-32,000 range over the next few days or weeks."

"The basic trend of Indo Count Industries is bearish. So, I would definitely not advice adding on declines. In fact on a bounce back, whenever it comes, Rs 140-145 levels would be the right levels to exit. I see Rs 150 as a very strong resistance which it will find very difficult to cross," he added.