Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bajaj Auto is a preferred choice but Hero MotoCorp is suggesting that a rally towards Rs 3,600-3,700 is possible. Bajaj Auto has much more traction. So of the three stocks TVS Motor Company, Hero and Bajaj; Bajaj is a buying opportunity."
"Havells India which is making lifetime new highs should be bought into. The second stock is HDFC Bank. However, I am not very upbeat on the bank index today; HDFC Bank is just breaking out from a consolidation. It is usually late to the party and perhaps this could outperform while the other banks may or may not - that is a buy," he said.
"Mahindra and Mahindra have come out of an attractive bullish head and shoulder pattern. It is a positional buy. It is a short-term trade but if you want to buy and hold this then do not panic because of small movements in stock prices. This is going much higher. I have been upbeat on M&M and now the time to buy it."
"I am downbeat on metals. These small upmoves are selling opportunities and Jubilant Foodworks which has made a bearish head and shoulder is a positional short, much lower levels may be coming."
"CG Power and Industrial Solutions is a buy now. It has broken out of multi-month consolidation. I cannot say anything about Chambal Fertilisers and Chemicals. It goes higher every day. I cannot buy new highs until a base is built. So CG Power is better for me."
"Emami would be qualifying as an investment buying opportunity. It is breaking out but for a short-term trader perhaps Nestle India is interesting. It is also in the Futures and Options (F&O) segment," he added.
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