Prefer L&T, BHEL, Jyoti Structure: Baliga

Independent Market Expert, Ambareesh Baliga told CNBC-TV18, "I am cautious on the markets but you still have those pockets where one can slowly start buying in."

"Looking at the sort of Index of Industrial Production (IIP) numbers which we have seen for the last five months and also talking to people in the industry it is quite clear that order flows have been decent. So, I would talk about stocks like L&T, BHEL and among the midcap KEC International and KEI Industries."

"In the smaller ones, Jyoti Structure- possibly these are the ones which could be looked at this point of time," he said.