Sudarshan Sukhani of s2analytics.com recommended buying Infosys, Reliance Industries, Bharti and HUL for next wee. He, however, also advised selling Century Textiles and Colgate Palmolive.
Sukhani told CNBC-TV18, "As a trader I would be taking light positions next week that is rule number one. In front of a big news event volumes should be reduced but that is a question of tactics. Much more important is that I would be willing to go and buy in this market purely as a short-term trade for next week."
He further added, "My view is that we are in a downtrend and this downtrend will continue till we reach much lower levels. However within that downtrend we will see rallies and next week could see one such rally so I would be a buyer. Again buying should be done only in the blue-chips like Reliance Industries, Bharti Airtel, Hindustan Unilever, Infosys, Wipro and Sun Pharmaceutical Industries."
"I would be a buyer in Infosys. And there is a small cap stock that we used to track much earlier that is Parsvnath Developers. It has now come out of a very large trading range and it suggests an investment or a position trade buying. However short selling is also important in this market and that would be Century Textiles and Colgate Palmolive (India), both for selling," Sukhani added.