Buy ICICI Bank, Indiabulls Housing Finance, Tata Steel: Yogesh Mehta

Yogesh Mehta, Associate Vice President at Motilal Oswal told CNBC-TV18, "We are recommending into August future with a three to four days perspective. ICICI Bank is number one currently quoting around Rs 309. After a strong consolidation between Rs 296-307, it has come out. Our next target would be Rs 325 around, keeping a stop loss of Rs 300, these are our August futures."

"Another one is Indiabulls Housing Finance. Strong set of numbers and post that it has given a strong breakout at all-time high. Currently August future is quoting at around Rs 1,208. We are looking at around Rs 1,260 as the price target, keeping a stop loss of Rs 1,180," he said.

"The third one which we are recommending is Tata Steel in the metal segment. Post seeing all this run up into Hindalco, Vedanta and Jindal Steel, Tata Steel has also come out of a consolidation from Rs 555-560 levels. So currently Rs 567 in August futures keeping Rs 560 as the stop loss, we can look at a price target of Rs 585."