Technical Analyst, Deepak Mohoni is of the view that Pharma and IT sectors have some opportunities.

Mohoni told CNBC-TV18, "The sectors which are doing reasonably well like some of the pharma stocks started picking up again, things like Divis Lab and these are fairly safe plays; so if the market reverses they don’t fall very much and then the technology pack and the petroleum stocks; the technology pack among the heavyweights TCS and Satyam and among the midcap stocks like NIIT Tech, Tech Mahindra, Sasken, if one counts that as technology related. So there are some individual plays going on and they are giving strong returns week to week. So I think there are some opportunities here.

Disclosure: It is safe to assume that analyst and his clients may have an interest in the stocks/sectors discussed above.