Check out: Top chart picks by market experts

In an interview to CNBC-TV18, Vishal Malkan of malkansview.com shared his readings and outlook on specific stocks and sector & Anil Rego of Right Horizons Financial Services answered few personal finance queries.Below is the verbatim transcript of Vishal Malkan's interview with CNBC-TV18:

BEML There is a correction in the market because of which everything has corrected and the stock is still good in weekly and monthly trend is still up. So, I would definitely recommend to hold on to BEML and in fact if one can buy more at the current level. One can maintain a stoploss of Rs 1,150 which is an important support, break of which will lead to a further decline to sub Rs 1,000 levels.\\L&T and PFC Larsen and Toubro (L&T) is good stock right now and medium-term and long-term trends are still up although the short-term is down. So, I would say definitely a hold with a stoploss of Rs 1,530 which is a strong support and break of which will take it down to Rs 1,400 levels. Power Finance Corporation (PFC) has a strong undercurrent on the downside, weekly also and daily also. I would definitely recommend to exit this stock especially because it is a short-term pick. I don’t see any bounce in the short-term.Stocks In the auto sector, I would go with the best stock, performing stock like Ashok Leyland and Maruti Suzuki because they are both in an uptrend and inspite of the correction they both are not that damaged and they have bounced back again. The long-term chart looks very strong on both the stocks, so I would definitely recommend Ashok Leyland and Maruti. In the other couple of stocks, I would go with Tata Chemicals which is also making 52-week high in the recent past and has just corrected, so it is a good support at Rs 400 levels. Fourth one would be Voltas which is again different sector but a strong stock, at multiyear high on that also. So I would go with a stoploss of Rs 260 for targets of around Rs 500 plus for the long-term may be 12 months to 15 months. Whether you are a long-term or a short-term you have to have a stoploss because you don’t know the downside of the market in such kind of correction, so the only thing in your control in the whole market is your risk. So for a long-term investor your stop loss may be a wide stop loss but definitely you have to maintain a stop loss and for short-term the stop loss would be a short stop loss or a tight stop loss. Rule of thumb would be say 20 percent from the acquisition price for a long-term