Rahul Mohindar of Viratechindia is of the view that Oil and Natural Gas Corporation, ONGC looks good in the frontliners.

Mohindar told CNBC-TV18, "There are a couple of stocks which look good, in the frontliners, something like ONGC looks good to me, some in midcap like Cairn India, Rolta, these are some stocks which I probably would like to roll on home."

He further added, "On the Nifty side, we have had quite a stretched move over the last 4-5 days, so somewhere a breather could come in so probably atleast I would exit 75% of my Nifty longs and look at a re-entry somewhere lower down wherever we get that breather."