Buy Century Textiles and Industries, DHFL; sell Strides Shasun, Tata Comm, Amara Raja Batteries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are two buying opportunities, both are since not just intraday, you could carry them and hold them as a swing trade, as a position trade. Century Textiles and Industries which is now in a trading range and has seen a stunning rally, that range should resolve itself on the upside. So, I am assuming that it will breakout; we can buy in anticipation of the breakout and if it does move up, stay with it for a few days." 

"The second is Dewan Housing Finance which is part of the NBFC pack. It is an outstanding performer inside that pack and the same story, it is in a trading range, on the verge of breaking on the upside. Long positions in this bull market generally should be carried if it is possible to do so and here that is a suggestion," he said. 

"I have a three short selling ideas. The same theory, the short selling should be done mainly intraday, don’t carry these positions because you do not know what tomorrow’s gap up could be or gap could be. It could usually be up."

"So the three ideas are Strides Shasun where it has a very messy chart. Every day it falls down a little and there is probably more of intraday downside there." 

"Tata Communications which is breaking from a support level and that is giving a sign of distribution and a deeper correction." 

"Amara Raja Batteries which for some reason simply refuses to go up, keeps on coming down. The short sells are intraday."