Buy LIC Housing Finance; sell Infosys: Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "We are optimistic on LIC Housing for a target of Rs 498. After two weeks of consolidation the stock has finally broken out from its resistance level of Rs 475. The volume activity has also picked up substantially during the session. Considering the positive placement of momentum oscillators along with the bullish chart structure we expect the stock to climb towards Rs 498 over the next few trading sessions."

"We have a contra sell call on Infosys with a stop loss of Rs 2345 and with a target of Rs 2235. Since last few days the stock has been oscillating within a small range of Rs 2350 on the higher side and Rs 2220 on the lower side. What we are observing is around Rs 2350-2340 the stock is struggling to cross this resistance level. Hence considering the negative placement of RSI oscillators we expect the stock to drift towards the lower end of the range which is Rs 2235. Hence our stop loss would be Rs 2345 and target is Rs 2235," he said.