Buy ICICI Bank, prefer Ajanta Pharma: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would recommend a buy or adding on ICICI Bank and I don’t see the stock going below Rs 250. So, I would recommend a stop loss of Rs 245 and a long-term target, 6-12 months, would be somewhere around Rs 330 very conservatively, probably it could be higher. So, as a trader, I see some weakness for the day, or maybe a couple of days, but that should be used to buy as a positional trader or a long-term investor."

"The pharmaceutical space is not looking that strong. However, stock specific, Ajanta Pharma does not look all that bad. Maybe on a correction, in the range of Rs 1,600-1,550 levels, it would still be a good bet with a one year time horizon or a little more. I would recommend a stop loss of Rs 1,400 and buying in the range of Rs 1,600-1,550," he said.