Buy Tech Mahindra, Indian Oil Corporation, Indiabulls Housing: Yogesh Mehta

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Tech Mahindra is currently quoting at Rs 420 and it has crossed 10 and 20 day moving average. So, from this level we are looking at Rs 444-445 as the price target keeping Rs 405 as the stop loss."

"Another one is Indian Oil Corporation (IOC). Currently, it is Rs 426, since last two sessions it has made a bottom of Rs 408-410 and we are looking at a price target of Rs 445, keeping the same as stop loss."

"Third one from the housing finance sector is Indiabulls Housing Finance, currently it is quoting at Rs 1,200. It was reluctant to go down in the fall last week and from Rs 1,200 we are looking at Rs 1,240-1,245 as the price target, keeping Rs 1,180 as the stop loss," he said.