Buy Container Corporation, Reliance Infrastructure: Amit Gupta

Amit Gupta of ICICIdirect told CNBC-TV18, "In the infrastructure space, we are looking at two stocks, Container Corporation (CONCOR) and Reliance Infrastructure because both of these stocks are looking much better from the risk reward perspective."

"CONCOR has just now taken out the supply zone of 2016 which was Rs 1,150. That happened in the month of April, last month and then for the last five weeks it has been holding above Rs 1,150 levels. In the current series almost 42 percent of long additions have come in the stock. It has already announced the bonus and became ex-bonus and now these positions are coming back into the stock. Still the stock is trading near Rs 1,200. So, the risk reward is favorable, it can move towards Rs 1,270-1,280 in the coming days," he said.

"Another one is Reliance Infrastructure because there was a positive announcement in the stock when it won the arbitration case against Delhi Metro. It opened with a gap up above Rs 600 which was a supply zone of 2016 and 60 percent of long additions we have seen in the stock. It is possible that the stock can move towards Rs 645," he said.