Sell HDFC Bank; buy Cipla, Infosys: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "I have a sell on HDFC Bank with a stop loss at about Rs 1,282 for targets of around Rs 1,230. Cipla is a buy with a stop loss below Rs 580 for targets of around Rs 610.""I am not very keen to buy Infosys but given the fact that we have aggressively bought Put options on Nifty as well as Bank Nifty, a contra trade would be good over here. The levels of Rs 1,065 to about Rs 1,075 would be a very difficult level for the stock to get passed but if you want to have something on the long side, Infosys looks like a good hiding place. Buy this one with a stop loss below Rs 1,040 and look at Rs 1,075 type of targets in the next three-four sessions," he said.