Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Now there are trades coming on the long as well as on the short side. Still as far as the Nifty holds above that, long side trades are probably preferred. Bharat Heavy Electricals (BHEL) which had a vertical rally and a small three day pause could resume its rally again. It may not be as blistering as earlier but there is money on the upside."
"Indraprastha Gas (IGL) is an excellent company. I would buy it for reasons given on charts. There is more upside here. If you are an investor consider buying it because it could double from current level, there is a lot more potential," he said.
"Tata Communications has been on a roll, a small correction is probably getting over."
"There are two short side trades and that is also opening up. Amara Raja Batteries surprisingly has been a clear underperformer and Torrent Pharma, so these are the two short sells, but try to stick more with the longs."
"After a big decline in Tata Motors, it becomes difficult to say sell now. So, I don’t have a trade."