Sukhani told CNBC-TV18, "My sense is that the blue-chips will certainly rally because that's how the Nifty will go up if it does. So the focus remains on blue-chips. At this point in the market the sense is that a lot of the midcaps have run up and are likely to go through corrections or consolidations. So we have to be selective in that group.
He further added, "On the ADAG group, the stocks are going on the back of news, I am always a afraid of buying on news because obviously I never know if this is correct or not. The only stock that appears to be reasonably poised based on charts is Reliance Communication. Reliance Communication is a buy at current levels. It is also going to remain a buy on every dip."
