Buy Ashok Leyland, UltraTech, hold Eicher Motors, MOIL; sell Reliance Cap, Sterlite: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is mainly to go and buy something or the other. This is a very relatively easy market to trade. Ashok Leyland is a buying opportunity. The stock has been making new highs and that process continues."

"UltraTech Cement which has come out of a reasonable small correction is probably showing signs of life. There is actually a short sell which is Reliance Capital. I am down beat on most NBFCs and even more on Reliance Capital. So that is a short but remember short should be taken only intraday," he said.

"MOIL is just beginning a rally, we could have a target between Rs 550 and Rs 600 in the next five years. It is a long-term investment buy and I would say hold on to it."

"You should hold on to Eicher Motors. This is a long-term play and be a long-term investor. There will be minor dips and minor corrections but higher levels will surely come. So, for Eicher it is easy just hold on," he said.

"Sterlite Technologies has seen a very big and handsome rally in the last few months. Such parabolic rallies eventually end up in consolidation and even in corrections. So, here my suggestion is you sell Sterlite and take your profits and step aside," he added.