Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Adani Ports and Special Economic Zone is a buying opportunity. It's a stock that was ignored yesterday because of Adani Enterprises but it has a much better chart for a long trade."
"The second trade is Vedanta. Metals is the only sector that is seeing a sustained upmove, almost all other sectors are in a correction of some kind or the other, so we ride that sector boom and go with Vedanta. These are two buying ideas for the day."
"There are three short sells - Fortis Healthcare which is doing nothing, making lower highs, lower lows. The intraday rallies are being sold into. It's an easy sell. Amara Raja Batteries has a similar pattern, so on a weak day weak stocks become much lower. So that is the logic behind these two," he said.
"Castrol India seems to be distributing and getting ready for a much bigger down move. The view today is that do not buy the dips," he added.
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