Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ashok Leyland which has now already broken out of a trading range is making new highs in a small range today and willing to go higher. I think the entire sector is going into upside momentum. One-by-one stocks are coming into play."
"Pharmaceutical sector is now bottoming out. Divis Laboratories is a buy for today but generally traders and investors should be looking at pharma for buying. That long bear market is coming to an end."
"Reliance Industries my favourite stock is a buy. You could actually close it and buy it on any day. But today there are reasonably decent patterns to suggest that a short-term trade is in the offing on the buy side," he added.
"Torrent Power has a remarkable chart. Among the power stocks it is doing much better and outperforming. I am not sure why, but because of the chart I would be willing to buy it."
"To go to that NBFC theme, LIC Housing Finance is also a short sell. The market is willing to accept that theme, it is a short sell," he added.
"There are two midcaps stocks - Sun Pharmaceutical Industries and Engineers India, both seems to be ready for minor breakouts and that would be a buy."
"Dabur India's first initial target in the next few months should be Rs 400 plus. So, don’t worry about the rallies just go and buy it."
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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