Buy stocks of BGR Energy at current level.

"BGR Energy has made a bullish head and shoulder pattern. The chart is slightly clumsy. It's rather volatile. It goes up and suddenly moves down on alternate days. But broadly the trend is up. Yesterday's big gains should be built upon. It's again on the verge of a breakout."

He further added, "Even if the Nifty were to correct I suspect that there will be a lot many stocks, which can be traded on the upside while the correction is going on. So BGR is going to be one of them. It's a buying opportunity today and certainly for position traders."

" Gujarat Fluorochemicals is a disappointing stock. It is in the Futures & Option (F&O) segment so one can sell it using futures. It was a darling of yesterday but since then it's a complete disappointment. It's fallen from Rs 550 to more than Rs 400, little above Rs 400 and it is threatening to breakdown from small support that it held on to and if that happens it is going to Rs 395 as a short-term move and probably much lower. There is something going on in the company and the market does not like it. It's giving bearish signals consistently."