Buy RIL, Karnataka Bank; sell Larsen & Toubro: Sandeep Wagle

Sandeep Wagle, Founder & CEO of powermywealth.com told CNBC-TV18, "Reliance Industries has given a very clear break out and I would take that call. Buy with a stop loss of Rs 1,130, target Rs 1,215. Longer-term view seems to change, I would talk of Reliance in a range of Rs 1,320-1,350 given a couple of months' time, but I think this is a very clear break out in that sense. Buy it on every correction.""Second call is a buy on Karnataka Bank with a stop loss at Rs 122, target Rs 132 and a sell in Larsen & Toubro (L&T) with a stop loss at Rs 1,488 for target of Rs 1,440," he said. Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.