Sukhani told CNBC-TV18, "HOEC is a better opportunity to go long. It corrected far more than it should have, at least the fundamental analysts should have been surprised by the deep correction, now its stopping here, its also gone at the Rs 100 level. HOEC is a long trade, not just on the back of yesterday or two days momentum but independently on the charts, so HOEC would be a far better chart to take on the long side."
He further added, "Banks are outperforming in this uptrend and since I am carrying Nifty positions I am assuming that the banks will also do as well if the market goes up. So Axis Bank for the short-term trader if you are holding it, hold it for a couple of days more or if you want to buy it on an intraday dip today just as I suggested for the Nifty."
"Axis Bank is a buying opportunity, don't buy 2% higher because then you are not going to get anything but try to buy it at a lower. We will get these intraday dips today but it's a long trade, take a target of Rs 925-930."
" Jubilant Foodworks is a short sell. We look at Rs 600-500 whenever the next time comes; at this point it's a sell, look at Rs 725-730."
