Short BHEL, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "BHEL still remains a short sell. Today on the back of slightly weaker markets it is probably moving towards target of Rs 190 or so. The targets are never exact, it is that area. So at this point if somebody wants a trade, intraday trade, you look to short BHEL."

He further added, "It does appear that at least in the short-term there is some momentum on the upside here in Tata Steel and Hindalco , not in Sesa Goa but perhaps in SAIL also. So what this means is that if traders identify a change or a quickening of upside momentum in these stocks they should go and buy it. I must explain that if the Nifty keeps on falling throughout the day then buying metal stocks are not going to be a good idea. But if the Nifty stops, consolidates then metal stocks probably are a good buying opportunity for the next few days."

" IRB Infra is probably a selling opportunity. At some point intraday traders could look to go short in it."

Disclosure: I have no personal holdings in the above stocks.