Pick Ashok Leyland, hold SAIL: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "Ashok Leyland is definitely showing some good momentum in the last one year with all weekly and monthly charts in the momentum and on an uptrend, so it is the best bet.""In SAIL there is some bottoming formation happening under the metal stocks but it will takes its own time to perform, so though it is right now at a very low risk and at a good support in terms of sales, one can hold on to it with a stoploss of Rs 45.""I am not so sure about ICICI Bank though the banking stocks would do better in the coming days but ICICI may not be the best bet in this sector. I would suggest that you can switch from ICICI to IndusInd Bank or Kotak Mahindra Bank that would be a good idea for that," he added.