Sudarshan Sukhani of s2analytics.com recommends buying BPCL and Bharat Financial Inclusion and advises selling Colgate Palmolive, Titan Company and Mahindra & Mahindra.
"Bharat Financial Inclusion is also a buying opportunity because it is doing exact opposite of the market. It is actually going up," he said.
"The midcaps are cracking. Now they have already confirmed their distribution patterns and probably going lower. So, I also join in the FMCG selling spree. Colgate Palmolive is a short sell. The stock has already broken down. While this is a bluechip and at some point all of this will become buying opportunities."
"For the short-term trader, you could easily consider going short in Colgate, short in Titan Company and another say fast moving consumer goods product or consumer durables whatever and short selling in Mahindra and Mahindra (M&M) which has also disappointed. Largecaps are all disappointing now. Primarily, be on the short side of the market."