Sudarshan Sukhani of s2analytics.com advised buying Bata India and going short in Andhra Bank at current levels.
Sukhani told CNBC-TV18, “There is a stock that is rallying, it has already gone up 10 points that is Bata India. It is now completing its deep correction. It is making a base and doing the right things and moving up whenever it gets an opportunity. So the fact that it is rallying towards this afternoon tells us that there is more to it. Consider buying Bata.”
He further added, “Andhra Bank is a stock for shorting. It is weak, it is breaking down today and chances are that the weakness will continue. So go short in Andhra Bank.”