Buy ACC, Bajaj Finance; sell Amara Raja Batteries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are more buying opportunities for the day. ACC is a buy. The stock has been an outperformer. The correction in ACC was mild relative to what the Nifty went through."

"Bajaj Finance is a buying opportunity and that is a stock that has been going through a strong up trend which is intact. We are seeing intraday momentum today, so, there is a buy possible in this one."

"There is a short sell in Amara Raja Batteries. A very disappointing chart, it is keeping on making lower highs, lower lows and is breaking down today as well. However, primarily today the focus should be on buy ideas," he said.

"Edelweiss Financial, Motilal Oswal and IIFL Holdings are in a bull market and this bull market is just starting for a lot of them. So, buying at current level is justified if you are a long-term investor. It is possible that the stocks may correct. So this is not a point at which the correction is over and these stocks will correct. It is just that if one wants to buy now, one can buy, but after three years one will be better off and this is a strongly outperforming sector. At current level, perhaps Motilal Oswal has already gone through a period of consolidation and therefore it represents a slightly superior opportunity."

"One must get out of Dr Reddy's Laboratories. Even at current level, we are not calling a bottom in pharmaceutical stocks and in Dr Reddy's. That is not the work of short term traders anyway. You find a trend, you catch it, and if the trend is failing, then you have to get out. So there is no other suggestion, one must sell."