Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have Kotak Mahindra Bank which was already at new highs and there is an opportunity there but the problem. If we don’t know where the stocks will open, we cannot decide where the stop losses would be. So I have tightened my stop losses and the trade is then if you look at this list, all of them are for buying apart from Kotak. They are all midcaps because that is where the action could be. If your entry price and your stop losses are close by and justify buying then go and buy them. If they don’t, then you have to wait for the markets to quieten."
"With that caveat, there are a lot of midcaps where opportunities exists, Adani Power is making almost a perfect bullish pattern. It should go higher even if it doesn’t do an intraday profitable trade today. We don’t know how they will open and how they will move during the day. Then Bajaj Electricals - new highs in the stock, more upside is coming, Inox Leisure is a stock that has been building a base and is now breaking out. So it is also a positional trade."
"Finally, Texmaco Rail which had a big 40 percent decline. That decline has stopped. So it is more of a positional trade but you could consider buying that."
"Reliance Industries to me is looking towards Rs 2,000 sometime as the Nifty is going to cross 10,000."
Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.
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