Buy Apollo Tyres, HDFC Bank, REC, PFC; sell Aurobindo Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are opportunities in the individual stock areas and that of course is mainly on the buy side. So, first for today I am suggesting going long in Apollo Tyres. The tyre companies have been doing well and Apollo Tyres has the best chart among the lot. So, buy Apollo Tyres for the day."

"Second is more of a brave call. Buy HDFC Bank. The banks had a sharp dip and then have rallied intraday. So, for an intraday call, HDFC Bank on the buy side seems to be deserving attention." 

"Third is a short sell on Aurobindo Pharma. I have explained many times that pharmaceutical is all over the place. The charts continue to be choppy and bearish. The correction has not come to an end, so, Aurobindo Pharma is an intraday short sell," he said. 

"I would treat NBFCs as a buying opportunity. Apart from Bharat Financial which probably has some other reason which I do not know, but for most NBFCs, dips are buying opportunities especially the ones that are slowly turning themselves into banks like say Equitas Holdings, Ujjivan Financial, and so on or even LIC Housing, but they should be bought into." 

"Lifetime highs are buying opportunities, even 52 week highs. However, Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) have run up so much, I think there will be a pause, there will be a consolidation that will give us a better entry point. However, they should be looked at as buying opportunities."