Aditya Birla Nuvo may test Rs 1300: Abhijit Paul

Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "I have been looking for stocks which are in refined uptrend for long trades keeping in mind that in last two weeks we had close to 16-18 percent move from the benchmark Nifty. So, from hereon we need to choose those stocks for the long trades which are in a defined state of uptrend in the weekly and monthly charts."

"Aditya Birla Nuvo is one of the stocks. I would look to buy the breakout once it takes out Rs 1,220 mark for an upside close to Rs 1,300 and in the downside one can use a stop loss of Rs 1,130," he said. Disclosure: Personally I do not hold the stock in the show but our clients may have their positions in the stock.