Nifty has crossed the 11,000 mark and it looks like the next big resistance could be 11,200 where there is a lot of call writing happening. NASDAQ was up 2.5% showing steam may still be left in IT stocks. Here are some good stock ideas to consider for 21 July.

· Traders should book profits in Infosys after the 18% rally. While HCL Tech is still a good choice, traders can also buy Tech Mahindra at Rs.625 for targets of Rs.700 in 1 month.

· I reiterate the buy call on GAIL at Rs.100 levels for 3-month targets of Rs.130. At 9 times earnings, it is very reasonably priced and should gain the big thrust on gas.

· Traders with risk appetite can buy Panacea Biotech around Rs.205 levels for targets of Rs.250 in one month as it remains in the forefront for the COVID vaccine research.

It should be a positive opening for market son Tuesday on the back of strong SGX Nifty. IT may still see short covering after the quarterly results.