In the last two days, Infosys is one stock that has held up the markets. After a 20% rally in 2 days, you can expect some cooling in the stock because most of the short term upsides are in the price and it may be time to book profits and get out of the stock. Here are my tips.

· You can look for dips to Rs.390 to buy into BPCL for targets of Rs.440. That is a high risk call and would depend on how soon the disinvestment gets announced.

· Traders who got into Eveready at Rs.88 levels can book profits at Rs.105 levels. Switch to UPL around Rs.430 levels for targets of Rs.480 to coincide with the monsoon cycle.

· While Infosys has run up rapidly, HCL Tech at Rs.590 may still be a good short term buy with targets of Rs.630 in one month time frame as valuations will catch up.

Just a word of caution; be cautious on long positions ahead of the weekend and try to stay light with overnight risk.