Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Adani Ports and Special Economic Zone is a buy. The stock made new highs that had 15 percent correction and that correction is over. It is rallying consistently and chances are that it will make lifetime new highs again. It is a buy for the day and also a swing trade."
"I also have a buy on National Aluminium Company (NALCO). It's a company that hardly figures in my list. There was a bullish head and shoulder that broke out, reached at significantly higher level and the stock consolidated for almost a month and that consolidation could lead to an imminent breakout on the upside. We are buying in anticipation."
"Others are short sells because in a choppy market we want to be long in the Nifty, so looking at selling Jet Airways. It is having lower highs-lower lows, breaking support levels. Mahindra & Mahindra (M&M) has been a big disappointment. The stock rallies, fails, falters and lower lows keep on coming," he said.
"In UPL, a large distribution suggests that at least some kind of a correction is coming. Short selling should be done only intraday."
"NBCC (India) is on a roll of its own. If one is an investor then still buy it and there is no momentum trade there. I do not have a view on the Bank Nifty for the day but there are two stocks for buying. One is Dr Reddy's Laboratories and second is Gujarat State Petronet Limited (GSPL). This seems to be getting ready for a momentum move," he added.
"Bharti Airtel had a smart move yesterday but it has been falling for many days earlier. I do not think a big rally is coming. It is to avoid."
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