Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Apollo Tyres is a buying opportunity. We had a sharp correction and a trading range, consolidation building up in the stock. It gives a sense that a breakout on the upside is imminent, so we are almost buying at a dip. It is always a good place to buy."
"Dewan Housing Finance Corporation (DHFL) had a big sharp rally and that rally lead to a four day consolidation. It is possible that for a short-term trade, we can have more upside and more of an up thrust. Non-banking financial companies (NBFCs) are now the flavour of the week."
"Shree Cements has an excellent chart, apart from ACC and Ambuja Cements where I have been suggesting long positions; Shree Cements is giving us very strong base and a breakout from a base, so it is not just a short-term trade. One could buy a position there; hold it for a few weeks to few months, so it is a positional call also," he said.
"In Tata Motors, something is going on which is not liked by the market at all, everyday it makes new lows. It's a short sell."
"In pharma pack, for Glenmark Pharma, new lows here. So there are opportunities to go short for intraday trading. Do not carry short positions overnight," he added.
"Adani Power has most attractive chart pattern, so apart from short-term trade one could consider buying and holding it."
"A significant momentum up move could develop in Bharat Electronics Limited (BEL).
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