Buy RIL, SBI, PNB: Baliga

Ambareesh Baliga, Independent Analyst advises traders to buy RIL, SBI and PNB on correction.

Baliga told CNBC-TV18, “Surely stocks like RIL at this point of time, Larsen and Toubro (L&T), State Bank of India (SBI), PNB can be picked up but not right now since I am talking of the market possibly another 100 points lower from where we are right now. One should wait for some more correction, maybe you could see a correction of another 3-4 percent in these stocks. At those levels one should pick it up.”