Buy Biocon, Bajaj Auto; sell Indo Count Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have to become very stock specific. Look at stocks that are doing well in spite of the market movements and one of them is Biocon. I have been upbeat on the stock. Biocon has completed a mini bear market of its own, built a base and broken out of it. So, Biocon to me is a buy on every dip and every opportunity. It is doing well today inspite of the declines in the index and is a buying opportunity."

"The surprising second name for buying is Bajaj Auto. Normally, Bajaj Auto should go with the index but it is outperforming and that is a good reason to go long. Both trades may be taken only intraday. In a range, there is no sense in carrying positions."

"The third stock is a short sell on Indo Count Industries (ICIL). The stock has been steadily falling a vertical waterfall decline day-after-day. That short sell continues, there is more opportunity to go short here. However, broadly trade intraday and don’t carry. In a choppy market we can get caught otherwise," he added.