Buy Asian Paints, Adani Power, ITC, L&T, SKS Micro: RK Global

Rakesh Bansal of RK Global told CNBC-TV18, "My first call is a buy on Asian Paints. It is a perfect lifetime high candidate. Technical structure is clearly positive. I feel the stock is likely to make a new lifetime high in this series. Keep stop loss of Rs 868 and a target Rs 932.""My second call is a buy on Adani Power. The technical structure is positive, the stock has already given a breakout. It is only a Rs 1-1.5 stop loss. Buy Adani Power with a stop loss at Rs 28.80 for a target price of Rs 33.40," he said. "My third call is a buy on Larsen & Toubro. We have seen a positive crossover on a momentum indicators for short-term. L&T is a good technical trade with a stop loss at Rs 1,170 for a target price of Rs 1,242.""My fourth call is a buy call ITC. It is my top pick. On the hourly chart, the stock is making rounding bottom formation. On daily chart, it clearly appears that the worst is over and we are likely to see a big rally in this series. Buy ITC with a stop loss at Rs 312.50 for a target price of Rs 338," he added."My last call is a buy on SKS Microfinance. This stock is not participating in any Nifty decline. On the downside Rs 515-517 is a strong support. Buy the stock with a stop loss Rs 517 for target Rs 566."