Buy Berger Paints, advises Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "Berger Paints is a classic case of an up trending stock. The stock is in a structured bull run since July 2012. Infact it is trading along the support of its 200 day moving average since February 2012. So in the recent trading sessions the stock went through a period of correction and again it is placed at a similar support."

"It is a good opportunity to buy this counter and up trending stocks tend to find support on declines. We expect the momentum and the recovery to be swift in this counter, so buy the stock for a target of Rs 225," he added.