CK Narayan of Growth Avenues told CNBC-TV18, "You will have to catch on to something which has shown substantial momentum and within that I would definitely look at Siemens. The stock has pedigree, has dropped down into a decent level of support and has shown great amount of resilience in the rise. So, even at about Rs 1360 which is definitely off the days lows, I would still look to buy this because there is substantial room on the upside."
"Reliance Industries is another one which is showing a great deal of momentum. There was some news related to gas to which the stock has responded pretty well so I would definitely pitch my tent on the side of Reliance as well," he added.
Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
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