Sell Infosys; buy ONGC, Cairn India: Mitesh Thacker

Mitesh Thacker of miteshthacker.com told CNBC-TV18, "After the numbers in July it has been three weeks of sideways consolidation for Infosys between Rs 1,095 and Rs 1,065 and on Friday, we did see the stock close below that. So there is clearly some kind of a minor breakdown on the charts, which should suggest continuation on the downside. I would sell this with a stop loss at Rs 1,081 for targets of around Rs 1,020.""In Oil and Natural Gas Corporation (ONGC), I will take a short-term buy with a stop at Rs 229 for targets of Rs 242. Cairn India, which has also given some intraday buy signals, is a buy with a stop loss at Rs 191.50 for targets of Rs 204," he said.