Buy LIC Housing for target of Rs 275, says Sharma

Sharma told CNBC-TV18, "The midcaps are not showing that much strength purely because there is short covering happening in the frontline shares. But there is good breakout happening there also like for example LIC Housing Finance has given a good move above Rs 260. That can be bought with a stop loss around Rs 257 for target of Rs 275."

He further added, " Dabur India is very close to giving a breakout around Rs 113-114 has been its high where it retraced from. There has been move in the Rs 114-115 range so it can move to Rs 125 as and when that is broken and similarly something like a Lanco Infra and all the infrastructure space like GVK Power & Infrastructure , GMR Infrastructure , they all are looking good."