Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I sense that we are entering choppy environments for banks, that is why banks are not there. I would strongly recommend that viewers should go for the midcaps."
"My list is consisting largely of largecaps and in retrospect perhaps the midcaps would have been a better idea. I have ACC, Bharat Forge, GAIL India and Hindustan Unilever (HUL) as buying opportunities. However, they are going to give you small gains," he said.
"I have Granules India as a short sell which is interesting because this was a high-flyer. Pharmaceutical stocks are now collapsing, no matter what you see, intraday sometimes, or one to two days, almost all of them will come in the sell list."