Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "BPCL probably is a blind buy and apart from the chart patterns, Brent crude is giving the first sign that a very small head and shoulder is being made there. Maybe it is willing to go USD 2-3 lower, maybe and that also adds. So you have Brent that has a possibility of coming down and Indian prices are actually going up. It is a perfect situation for oil marketing companies. So, BPCL is a buy."
"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."