Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am focusing on midcaps. There are buying opportunities in midcaps and they were not affected by the Diwali Muhurat decline. Adani Enterprises is giving a bullish pattern. There is a buy not only for the day; one could carry it for few days. Aurobindo Pharma has been a favourite. It has been outperforming the pharma sector. It is now willing to go much higher. Take a positional trade, take a swing trade here. Do not restrict to a day trade for both Adani Enterprises and Aurobindo."
"Jubilant Foodworks is going up relentlessly. It is a worthwhile buying opportunity even at current level. It's a positional trade."
"Two short trades - NMDC, iron ore prices are softening again and much lower levels coming and DCB Bank which has been a strong underperformer, a distinct underperformer. So, one can go short because markets could be choppy or little ceded but focus on the buy ideas," he said.
"GVK Power & Infrastructure is a potential doubling stock. At current level GVK is worth buying. There is a small risk and a significantly larger reward for GVK Power."
"There is a trade in Reliance Industries and even in intraday dip is a buying opportunity. One must have positions on the long side which means one must have either an investment or longer term trade in Reliance but even for today there is one."
"Hero MotoCorp is a much better chart in terms of anticipated gains. So after a small decline and narrow consolidation it is breaking out today and it is worth buying into."
"Dr Reddy's Laboratories is willing to go higher. We want it to cross Rs 2,450 and then take a position, not now. Bharat Petroleum Corporation (BPCL) is a buying opportunity separately. It wasn't because of the largecaps. It is just there as a buy."
"I cannot get excited on the charts of UltraTech Cement as a short-term trader. ACC is a much better option."
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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