Buy Infosys; sell Asian Paints: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "In IT stocks, we were getting signals of a bounce back two days back and I think that has happened today. So, I think Tech Mahindra and Infosys clearly are interesting. I think Infosys has opened with a gap up today, so, I would be a buyer here immediately with a stop loss just below levels of around Rs 947 and look for this rally to go up to levels of Rs 990 or thereabouts."

"Asian Paints is clearly showing signs of a break down. The stock is a sell with a stop loss at about Rs 1,150 and look for target of around 1,100. Infosys is a buy for me. I would keep a stop below Rs 949-948.50 and look for target of around Rs 990-995 on the upside," he added.