Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Since we are at support, we are looking for opportunities to buy, assuming if there is a bounce, then stocks which we buy now and which are relatively strong, they will be outperformers for the next one or two days."
"Colgate Palmolive which had a nice and decent decline is itself at support levels and is showing signs of some mild outperformance. This is only about a couple of days or today. That is a buy."
"DLF is consolidating, it is outperforming the market as of now and the real estate is in any case in some kind of an uptrend. So that is a buying opportunity."
"From the IT pack, in Tata Elxsi a buying opportunity exists. So all three buying ideas assuming that this support zone in the Nifty will slowly begin to hold."
"MMTC is a hold. When I am looking at the charts, it is giving us a breakout and a support. The sense is there is an uptrend that has started."
"Tata Communications is also a hold. You buy and then stocks go into a correction, we have to accept that as a fact of life. I don’t think you should be worried about any temporary decline in prices. This is a strong uptrending stock; in the next three years you will be pleasantly surprised at the prices. Just hold on," he added.
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