Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Technically all three, Adani Power, Tata Power and KSK Energy are looking attractive. In fact the entire power sector has been suggesting for the last three to four days that a small breakout is now imminent in this sector. So, among them, Adani Power is the easiest to buy. While they are all almost the same, it has a relatively slightly better chart. However power and energy, that broader sector, is suggesting that a rally is coming in."
"This is an easy market to trade in on individual stocks. You can search for good ideas and get them. So, GSFC is a buying opportunity today. That stock has already broken out from multi-year bases. It is now rallying, consolidates and rallies. So this is another rally after a consolidation," he said.
"Indiabulls Housing Finance has just literally gone vertically up after a small pause, at least a short-term swing trade is again available to buy it and sell in a few days' time."
"I have also got a short call and that is to short Biocon. Biocon had a handsome rally and that rally consolidated, that was actually distribution. So, for professional traders here is a chance to actually go short."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
