Hold Dr Reddy's Laboratories, says Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "In Dr Reddy's Laboratories the logical technical target on the downside was Rs 1,894. The stock has seen a low at Rs 1,900. So targets are achieved, the bounce that we have seen, seems to be a very good place to bounce if it has to. So I would say a) hold on. If you want to add, this is the time to add and just hold on."

"We can see downside, but not much downside. It has already fallen a lot, not much downside, this is the good ideal place to add. I would add if I had to; Rs 2,800 is a stiff resistance, that is the place to exit," he said.