Buy Marico, ITC, bullish on Tata Steel, BoB; sell UPL: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would go with a buy in Marico, stop loss of Rs 313 and target of Rs 330. Buy ITC, stop loss at Rs 287 and target of Rs 303."

"Sell UPL with a stop loss at Rs 792 and target of Rs 756," he added.

"I would be extremely bullish on Tata Steel. The only problem is that the stock has run up from Rs 430-440 levels to Rs 490. However, I don’t see any weakness. I would still take a bet on this stock on the long side at this level or maybe Rs 5-10 down. I don’t think the stock will break Rs 470 on the downside and sooner than later I see the stock at Rs 530-540."

"Tech Mahindra is weak. I see some further downside. The tech stocks are looking good. In fact I was bullish on Wipro and TCS yesterday and today and this stock is going against the trend. I see lower levels, probably even Rs 410-405 coming in over the next few days."

"I would be bullish on Bank of Baroda (BoB). I see a very strong support at Rs 185-187 levels which has happened over the last three to four days. It has not broken that on the downside. On the upside, if you talk of the day, maybe Rs 196-198. Talk of the next few days I won’t be surprised if this stock goes towards Rs 205-207. So, broadly mildly bullish is what I would term this but I don’t see the stock breaking Rs 210 in a hurry."