Manish Hathiramani of Deen Dayal Investments told CNBC-TV18, "I have three buy calls which is a contrarian to the present situation of the market. My first buy is on Sun Pharma for a target of Rs 990 and stop loss of Rs 860. It had a lull in a sideways movement for a few sessions but it has now resumed the uptrend. It has also managed to cross its previous high of Rs 932 which was made on November 10 last year."
"One can buy Havells India for a target of Rs 285 and stop loss at Rs 264. The stock has taken its time and completed its downward cycle of correction and we now see an upward move. The next resistance would be around Rs 285," he added.
"One can also buy Godrej Industries for a target of Rs 370 and stop loss of Rs 300. I continue to be of the opinion that the uptrend is yet to continue and we might see higher levels in Godrej. The stock has even now gained momentum and if you pull up a volume chart even those are very healthy."
Disclosure: I am not holding any of the stock picks that I have mentioned but I have long positions on the Nifty.
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