Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "At least for today, we should be trading on the long side, so Bata India which has been an outperformer and is part of the FMCG pack. FMCG has a significant rally ahead, so Bata India is a buying opportunity for the day."
"BEML which has been another outperformer has done very well and probably is going to be one of the best engineering companies which is a buying opportunity."
"Third is Hindalco Industries. Metals, was the only sector which was going up while the whole market was coming down. Metals remains an outperformer. So, today we are betting on outperformers actually having more gains starting now."
"Tech Mahindra is a buying opportunity for investors. It is sluggish because it is building a base after a significant bear market. For the others, they can simply be avoided."
"With some regret, I have to say sell IDFC Bank. It is an underperformer and likely to remain so. Our money should be in private sector banks or in NBFCs. Switch to either the private banks - ICICI Bank, HDFC Bank or the non-banking finance companies (NBFC). Even Ujjivan Financial Services today was good and that is just beginning an uptrend or Dewan Housing Finance, anything you like," he said.
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