Buy Voltas, pick YES Bank, look at BHEL, HDIL: CK Narayan

CK Narayan, MD at Growth Avenues told CNBC-TV18, "Going out on stock recommendation on a day when there is going to be a significant event is going to be a bit risky but nevertheless what I would choose to concentrate on something which the market seems to be fond of already and that which may not be significantly impacted by the changes.""One of the areas where the markets has really been concentrating on is Voltas. The stock has reported pretty decent earnings across all the segments and the markets has received as well. The market has not been very gung ho about Voltas, it has been in a range. Institutional players are picking this up, traders are joining the fray. Voltas has moved to about Rs 340. If you have a market pull back, it might come back a little but then that would only give us another chance to buy," he said."If there is another pull back to around Rs 325-330 zone I would most definitely look to buy into Voltas. The stock is on to another nice big range which should have an upside nearly till about Rs 400, say a couple of months or so."He further said, "In Bharat Heavy Electricals (BHEL) the street has kind of received the results pretty well and there is again a lack of ownership or reduced ownership. People are looking for reasons to get into stocks, particularly the larger players and the results give them a reason to get into it. This creates an upward draft which traders can look to capitalise on and therefore you would have a cushion of the big buyers at lower levels which would take care of any kind of reactions based upon any news or any localised event.""BHEL is another one that I would look for. Any rate sensitive I would play it purely upon what emerges out of the day. If you have something good then may be in the real estate I would look at Housing Development and Infrastructure (HDIL). Today it is a make or break kind of situation for most of them.""Most of the private sector banks are reasonably well poised particularly if you take the case of YES Bank and may be IndusInd Bank. These are two stocks which are well placed on the charts. I would not really chance my arm with ICICI Bank or any other bank because they are not as well placed on the charts as the other two are. Axis Bank has been trying to make further progress but seemingly meeting up with some sort of selling. So YES Bank and may be IndusInd Bank are two picks within the banks.""In public sector banks the smaller names are the ones which are doing good. In that space, Union Bank of India and Syndicate Bank actually come to mind because the charts on these are much better performing as compared to the larger peers like Punjab National Bank and Bank of Baroda etc," he added.