Your stocks: Investment picks by market expert

In an interview to CNBC-TV18, Meghana V Malkan of malkansview.com shared her readings and outlook on specific stocks and sector & Hemant Rustagi of Wiseinvest Advisors answered few personal finance queries.Below is the verbatim transcript of Meghana V Malkan's interview with CNBC-TV18:

Stocks There are three stocks that I would like to suggest. The first stock is Ashok Leyland; the high timeframe of both weekly and monthly look good. This is a good pick that the investor can get into. The second stock is Tata Chemicals. It has an important support on monthly charts, so the risk reward is in your favour if one gets in right now in the stock. The third pick is in the fast moving consumer goods (FMCG) sector, Voltas. The stock has good support on monthly charts, so risk reward ratio works in your favour.Amtek Auto Amtek Auto has broken at support and consistently been trading that at least from the beginning of this month. So, I would not really recommend to continue with this. One could book the loss wherever the price is and maybe whatever money is leftover, one can invest in some good stocks like Voltas or Tata Chemicals or an Ashok Leyland because this is like a falling knife. We do not know where it will halt. So, I think it is better to exit at the current market price. SBI & Vedanta It is actually over-stretched in State Bank of India (SBI) and Vedanta. Nevertheless, in both of them I would advise to exit because the higher timeframe does not look good.Stocks The longer-term charts have gone weak in ICICI Bank and Aban Offshore, so I would not recommend buying either ICICI Bank or Aban Offshore. I would rather recommend, if it is a long-term investment, one could either go for Bank of Baroda or for IndusInd Bank because the longer-term from timeframe charts, in terms of both momentum and price, are much better placed in the earlier two stocks. So, one could either select Bank of Baroda or IndusInd Bank.Oil India Oil India has made a base at the bottom and it has repeatedly taken support at Rs 400-410 levels, so exiting right now would not make any sense, so we could place a stoploss at Rs 410. Any weekly close below Rs 410 will be a good exit on the stock.