Prefer ICICI Bank, Axis Bank: Abhijit Paul

Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "At current juncture there are better stocks in the market to trade and invest both in terms of the trend as well as the risk reward ratio because of the fact that Jaiprakash Power and YES Bank have been in quite a beaten down trend across all the time frames. Jaiprakash Power has been an underperforming stock for quite some time. I sense it can extend a little further up but if I am looking to bottom fish into the market and will probably look into something which has a little bit of more quality."

"I would like to take some profits out of the table in this short-term four day bounce that YES Bank had. If I am looking to buy into a dip for the next move, YES Bank does not top my list, I will probably go with ICICI Bank or Axis Bank," he said.