Sell L&T, Union Bank; buy Marico: Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "One can sell Larsen & Toubro (L&T). Future is quoting at Rs 1,173 around and we are looking at immediate targets of Rs 1,155 with a immediate stop loss of Rs 1,185.""Go short in Union Bank of India. We are looking at Rs 115 as a target keeping a stop loss at Rs 128," he said."The other contrarian bet is on FMCG sector in this declining market. Marico to buy with a target at Rs 252 and a stop loss of Rs 234."