Buy Kotak Mahindra Bank, M&M, Bharat Forge: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation is a buy on Kotak Mahindra Bank. The stock has seen good amount of correction. It has been stabilising at lower levels. It is forming an inverse head and shoulder pattern so, I am looking for targets of Rs 1,410. If these levels are sustained it can jump to Rs 1,450 odd levels. So, one can go long in the stock with the stop loss kept at Rs 1,345."

"The second pick is a buy on Mahindra and Mahindra. It has crossed 50 DMA trading with decent volumes. So I am expecting this stock to test at least Rs 1,300 in the coming days at least for a day or two. The stop loss can be somewhere around Rs 1,220-1,225," he said.

"The final recommendation is a buy on Bharat Forge. The stock has been consolidating in the last five or seven trading sessions. It is now trading above the short term moving average. Volumes have been picked up in the last hour or so. It seems that it is coming out of it's trading range. It is forming a bullish flat pattern. So, once this has broken I feel the levels of Rs 1,360-1,375 in the near term cannot be ruled out. However in the very short term the trade can be a buy trade for a target of Rs 1,340 and the stop loss at Rs 1,260."