Pick Infosys: Mithil Pradhan

Mithil Pradhan of Violet Arc Global Managers told CNBC-TV18, "We have been bullish on IT from almost about three years if I remember and we still continue to see very good indications on the IT index and IT stocks. Infosys is both a long-term as well as a short-term trade. Nasdaq has created a double bottom and if you see mainly all the sectors across the globe usually move in sync."

"As far as IT index is concerned, it is over sold on the weekly momentum oscillators. This is a great place to get into and in about four to six weeks we will be able to see good upside in IT. So I would rather pick up the leader which is Infosys," he said.

Disclosure: Analyst has no personal holdings and neither his company holds the stock.