Buy Bharat Forge, UltraTech Cement, Indiabulls Housing Finance: Yogesh Mehta

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Stock specific, we are recommending only for intraday purpose. One is Bharat Forge, current price is Rs 1,171. It has given a breakout above 10 and 20-day moving average and we can look at Rs 1,158 as a stop loss for a target price of Rs 1,195."

"Other one is UltraTech Cement. Current price is Rs 4,095. It is showing strength since last two days on a higher bottom. Keeping a stop loss of Rs 4,070. We can keep a target of Rs 4,150,"  he said.

"Third one is Indiabulls Housing Finance. Yesterday there was a good move and today it has corrected a bit. So, keeping a stop loss of Rs 1,195 for intraday, target could be Rs 1,235."