Sudarshan Sukhani, s2analytics.com advises traders to buy SBI, Infosys and Bharti Airtel at current levels.
Sukhani told CNBC-TV18, “I have been trying to explain for some time that taking a short-term call is fraught with risk. Keeping that in mind, because we have seen how that risk worked out today, my calls would still be on the long side. I consider buying Reliance Industries Ltd (RIL), State Bank of India (SBI), Infosys and Bharti Airtel. These are the four names I have spoken earlier.”
He further added, “Do not touch midcaps. I am repeating that again. There is a very big risk here. As we have already seen today buying any of these would have been sure way of getting stopped out. That is the risk but the trade for individual stocks remains on the long side only intraday.”