Buy Arvind, HCL Technologies: Yogesh Mehta

Yogesh Mehta, Associate Vice President- PCG Advisory, Equities at Motilal Oswal told CNBC-TV18, "We are looking at Arvind which is right now holding at Rs 309-310 levels. Keeping a stoploss of Rs 302 one can buy it with a target of Rs 327-328."

"HCL Technologies in the IT sector is currently quoting at Rs 1,600 odd levels in the cash market. One can buy it with a stoploss of Rs 1,550-1,560 as a stoploss and keep a target of Rs 1,660. So these are the two strategies on long side," he said.