Buy Biocon, Adani Ports, hold Eicher Motors; sell Bajaj Finance, ONGC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are opportunities in midcaps because if the index is not doing anything, largecaps are also sitting ideal. So, Biocon is a buying opportunity. The stock had a two or three day correction, and that correction seems to be getting over and already some minor signs of strength is coming intraday."

"Adani Ports is a very strong stock. It had a pause and that pause could easily end up in a resumption of the up move."

"The NBFCs which have been my theme. Bajaj Finance is a short sell and short selling should be done only intraday. It is possible that the markets may cheer up by the time we close," he said.

"Hold Eicher Motors. This is an outperformer and we are in the beginning stages of a bull market; Eicher Motors will then surprise on the upside and we cannot imagine how much, inspite of these levels. So just hold on and stay with it."

"Sell ONGC. There is nothing in the stock, in the sense that I am saying nothing, it is not a reflection on the company. The share price tells us that it is underperforming and the business tells us it could underperform for years to come. So while it may still go up, there are many better opportunities in the financial services sector, private banks, in FMCG and in Reliance Industries independently. So why ONGC, Reliance is a much better option," he added.