Buy Ashok Leyland, Biocon, Hindalco Industries; sell Castrol India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Castrol India is a selling opportunity. The stock has done nothing. It is on the verge of another lower low. Interglobe Aviation surprisingly is making a bearish head and shoulder and thus probably a positional short but of course the focus should be on the long side. Primarily the focus should be on the indices."

"We have three buys ideas - Ashok Leyland, the new highs are imminent. Biocon is now building a base and coming out of a mini bear market. It is a positional buy. It is a swing trading buy. Hindalco Industries had a three day correction, almost similar to the Nifty. It is coming out of that correction and is an outperformer," he said.