Buy Bharat Electronics, Corporation Bank: Jai Bala

Jai Bala of cashthechaos.com told CNBC-TV18, "I am expecting an extreme short-term bounce so based on that I have two buys. One is on Bharat Electronics Limited (BEL) and another one is on Corporation Bank. Both are poised for an extreme short-term bounce."

"BEL has been outperforming for quite sometime and it will continue to do so. If you place a stoploss below Rs 2,800 on this stock by tomorrow I expect it to see somewhere close to Rs 3,000," he said.

"Corporation Bank structurally from extreme short-term perspective, from Rs 347- 320, the stock has 5 years structure in extreme short-term and that is set up for a short-term bounce. So, if we place a stoploss below Rs 319 on Corporation Bank, the stock should be somewhere close to Rs 338 tomorrow."