Buy Bharat Electronics, Dewan Housing Finance; sell Tata Steel: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Two stocks from the midcap universe are available for buying, one is Bharat Electronics (BEL). It has been in a strong uptrend. That uptrend continues and it is now breaking out from a minor consolidation. The second is Dewan Housing Finance (DHFL). It has seen a one way rally, it has doubled itself in the last four months. So at some point, I assume it will stop its rally, consolidate but today is not that point, so I am suggesting for an intraday trader to buy DHFL. There is more of a rally, momentum rally in the offing."

"The third stock is a short sell, Tata Steel has a terrible chart. It is suggesting much lower levels are coming as major distribution has been completed. So consider going short in Tata Steel but primarily focus on the long side of the market. Tata Steel is not the place to be in, steel is in the miserable shape and the share prices even non-ferrous metals, aluminium is also suggesting a decline of some kind is coming," he said.