Buy Adani Ports, Adani Enterprises on dips: CK Narayan

CK Narayan – MD at Growth Avenues told CNBC-TV18, "It is slightly tricky now to built long positions because no trends are really lasting much more than a couple of days. So those who are desires of building long positions should probably remember that they need to be quite proactive with their positions and not lean back and wait for it to deliver. So in that context I would say the Adani twins are doing pretty well including Adani Ports and Adani Enterprises. These are the stocks that I would look to buy on a dip."

"UPL has faired pretty decently but then it has hit a resistance, so on a pullback to somewhere on Rs 325-330 level I would more certainly take a look at UPL," he said.

"I would take a look at Asian Paints because anything which is oil derivative based should have a positive follow out from the declining oil prices. So, Asian Paints in the region of Rs 765-770 would make a decent buy for me."