Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ajanta Pharma is a buying opportunity. A long three month base was being build, that base breakout has already taken place, so the long positions earlier are in money. If you haven’t taken that trade there is a three day small flag now in this stock. In an upswing there is very minor correction and that correction is also a buying opportunity. There is significantly higher levels if you are positional trader in Ajanta and of course for the short term trader you take modest profits, but the money is there."
"Ashok Leyland is a buy, the stock had a rather choppy environment when it fell and that decline seems to be over. A small consolidation is leading to a breakout on the upside. I think there is a buying opportunity here."
"Colgate Palmolive is also a buying opportunity, the stock had a deep correction, it came down to a very strong support level. From that support this is a swing trade and a positional trade, there probably seems to be some momentum on the upside and it is part of the much favoured FMCG group."
"I also have two short sells. These short sells are always for the day, don’t carry them. Idea Cellular’s big rally seems to be fizzling out. The sense is that it is distributing now and it should probably come back lower. That is a short."
"Tata Motors which has never been a favourite to me is giving sign that a small rally was simply a brief rally and the downtrend should renew. Broadly, stay on the long side and take advantage of the dip," he added.
"Even at current level, if you are an investor Future Retail is a buying opportunity. I think there is much more ahead in it."
"Castrol India and Tata Chemicals are both available for buying today, these are short-term trades, start with an intraday view but both should see momentum on the upside."
"Vakrangee is one software company I wouldn’t touch. There are so many other opportunities in IT. This has rallied far too much for me," he said.
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