Look at Tata Steel, Tata Motors, Bharat Forge: CK Narayan

CK Narayan, MD of Growth Avenues told CNBC-TV18, "Not from a day’s perspective, but certainly, I would think that stocks like Tata Steel, Tata Motors, Bharat Forge, these are all stocks which have put in some sort of intermediate bottom. Now, they are all up and away from that bottom, so it does not really seem like a good idea to charge in there and buy it for the day. What I am suggesting here is that these are three stocks that one must look at to buy during pull-backs and it does seem like currently we are in the midst of a pull-back which began from the highs at 8,250 in the Nifty Futures yesterday.""I would watch these three stocks and I would look at some buying opportunity when they tap down into some sort of support zone and watch stocks more like these because during results season the volatility is a bit too much and stocks get whipped around on both sides because of sudden takes on what are certain sets of numbers and then there is a revaluation and what not.""I would suggest that more than engage in day trading during results time, it would be better to map out our favourite stocks, map out their levels of support, because inherently we want to be buyers on dips therefore map out the support and wait for it to probably drop down somewhere near that and initiate long positions," he added.