Buy Infosys, TCS, Mphasis, Polaris, Tata Elxsi, Mindtree; sell Bharti Airtel: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Infosys is a buy with a stop loss of Rs 1,180 and target of Rs 1,240. Polaris is a buy with a stop loss of Rs 425 and target of Rs 450. Bharti Airtel is a sell with a stop loss of Rs 476 and target of Rs 458."

"The names of the IT stock don’t matter because if you recommend one you can’t recommend the same thing over and over again, but the clear point is that the sector headwind has now become tailwind and this re-allocation will take IT stocks much higher," he said.

"Even now you can get into a Tata Elxsi with a stop loss at around Rs 1,100 and look for target of Rs 1,165. TCS is a buy with a stop loss of Rs 3,200 and target of Rs 3,320. Mindtree is a buy with a stop loss of Rs 775 and target of Rs 800," he added.