Sudarshan Sukhani, s2analytics.com advises traders to go long on RIL, Bharti Airtel, HDFC and SBI.
Sukhani told CNBC-TV18, “For short-term the positions I am suggesting are all on the long side, on the buy side and that is Reliance Industries, Bharti Airtel, Housing Development Finance Corporation (HDFC) and State Bank of India (SBI). So these are four ideas on the long side. Traders must understand that each of them carries risk because we are buying at the lows. Markets can do anything.”
Disclosure: I am long in the Nifty for the day that is an intraday trade.