Enter Havells at around Rs 275-290: Jai Bala

Jai Bala, Head-Technical & Cross Asset Strategy of 1857 Advisors told CNBC-TV18, "We spoke about Havells India in the month of October too, but the stock has bottomed close to Rs 240 and done a pretty good job from those levels. The current decline in the markets is likely to present entry opportunity for people who did not make an entry closer to Rs 240-250.""If the stock were to drop below Rs 290, somewhere between 290-275, that will be an ideal re-entry point for people who are already long, or people who missed the first leg of the move.""If the stock were to take out Rs 320 on a closing basis, it will be a confirmation that the stock is heading towards Rs 410-425," he added.