Buy Adani Ports, Jubilant Foodworks, hold Biocon; sell Exide Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are a lot of midcap stocks giving us reasonable price action. So, the focus should be in that area rather than the index. Adani Ports is a buying opportunity. It has already been in a strong uptrend and that uptrend persists. So buy Adani Ports for the day and carry the positions if it closes strong."

"The second buying idea is Jubilant Foodworks. For some reason people are eating more pizza, I have no idea, but the stock price is in a very strong momentum up move. So, at that point we want to take advantage of the strong momentum. It is a short term buy unlike Adani Ports, but Jubilant Foods is also a buying opportunity."

"The short sell here is Exide Industries. Exide has given a disappointing performance. It has had a rally and that rally fizzled out. It is now making lower highs, lower lows. So Exide remains a short. Broadly focus on midcaps and largecaps but stay away from the indices."

"Biocon itself has fallen a lot. It is now finding support, I would suggest one should hold on for whatever period of time, and in short term I am assuming months, not days. So if one has few months of time horizon, hold on."