Buy LIC Housing Finance, YES Bank: Kunal Saraogi

Kunal Saraogi, CEO of Equityrush told CNBC-TV18, "It is prudent to buy financials given that is where the real action is. LIC Housing Finance is a stock that one could bet on at the current levels. It has broken out on the charts and I think the stock can very easily get to Rs 341-342 levels which can be a target. One should put a stoploss at Rs 328 in it."

"The other stock I like is again a financial and it is YES Bank. It is one of the better banks in terms of chart structures and I think the stock can get to Rs 612-613 levels going forward. One should put a stoploss at Rs 590 though," he added.