Buy ICICI Bank, Axis Bank; sell ITC: Rahul Mohinder

Rahul Mohinder of viratechindia.com told CNBC-TV18, "If one looks at ICICI Bank, the kind of volumes clocked yesterday, was probably the highest in the last two-three months. So, that is a stock one could still buy into it. Look at targets closer to about Rs 1,205."

"The upside on the stocks are still good on the banking side, so Axis Bank would be another stock I would look at buying and here too one could get 3-4 percent kind of bump up. So, atleast with Rs 1,250 stoploss one could be buying into Axis Bank. I am looking at targets of Rs 1,310 and if someone has longer horizon. I wouldn’t be surprise if it moves to Rs 1,340-1,350 in couple of days," he said. "I would short ITC because that is a stock which has a strong resistance at Rs 320-325 and I do not see it crossing that easily. So, I would look at the stock heading sub Rs 300. So, one could look at short there, Rs 299 would be my target and on the upside keep a stoploss at Rs 316."