Ashwani Gujral of ashwanigujral.com is of the view that tyre stocks like Ceat, MRF and Apollo Tyres are nice shorting opportunities.
"Some midcaps are doing well, so Lloyd Electric which is up already 5 percent could have a fairly significant day on the upside. So, individual stocks is probably you go with because today it seems we will be range bound. However, at higher levels, if 8,580-8,600 does not get crossed then you will again have a decline like we had in the second half of yesterday. So, watch out and see what happens with 8,580-8,600," he said.