Buy Havells India, Infosys, Dewan Housing Finance: Chandan Taparia

Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities told CNBC-TV18, "There are many stock ideas and in fact the Nifty is holding the gains because of the sector rotation, many heavyweights are doing well, earlier banking, followed by FMCG and now selective IT companies are doing well. So we have selected different stocks from different sectors."

"First trade is buy on Havells India. The stock has made a small price pattern that is called pollen flag on the daily as well as the lower degree chart. It has surpassed the immediate hurdle of Rs 490 with the rise in trade in volume. So this momentum may extend even after the market consolidation. So, we are recommending to buy with stop loss of Rs 487 for an upside target towards Rs 525."

"Second trade is from IT pack i.e. Infosys. Most of the IT stocks have done well in last one or two trading sessions with surge in open interest activity. Infosys is a counter which is slow and steady moving well and taking support at its rising trend line. So, here we are recommending to buy with a stop loss of Rs 960 for upside target of Rs 1,020," he said.

"The last trade is buy on Dewan Housing Finance (DHFL). Most of the NBFC looks good and in fact Nifty financial index is making new high holding the gain. DHFL has recently given a breakout, but yesterday it witnessed a small decline. I feel this decline is buying opportunity so suggesting to buy with a stop loss of Rs 415 and expecting it to test Rs 447-450 level in coming days."