Buy Infosys, Reliance, Bharti for next week: Sukhani

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.