Sudarshan Sukhani of s2analytics.com is of the view that one can buy Havells India and sell Power Grid and Mindtree.
"My sense is that the markets will become choppy. The short sells are Power Grid which is now giving a sign of distribution and could actually go through a deep correction and a favourite stock to short sell is Mindtree. That is only because midcap IT is still not doing what it should have done. Mindtree goes through a consistent down move. It is in a bear market while Power Grid is now willing to go down," he said.
"There are two buying opportunities, Indiabulls Housing Finance which has done rather well and the sense is that it can breakout. Engineers India (EIL) which is making a bullish head and shoulder pattern. We are buying in anticipation of a break out but what is the harm. The markets are cheerful generally, so these are the buys that are also short sells. I think the markets will be choppy."