Buy HCL Tech, Ashok Leyland, UPL; sell Ujjivan, HPCL: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is HCL Technologies, it is just a matter of choice. You could actually buy any of the other largecap or midcap IT stocks and specially on a day when I think the market could be a little cheerful. HCL Tech is now gone through a deep correction and that correction is coming to an end. It seems that it could easily outperform over the next few weeks."

"Ashok Leyland is in a trading range for three days. A breakout on the upside could easily be possible, so that is another buying opportunity."

"The third stock I would like to buy is UPL. The stock had a mini bear market of its own. That is now ending and it has been in a trading range for two months all together and that range is taking the shape of a fairly bullish head and shoulder pattern. So, there is a positional trade on the long side here. It is a trade of course for today, but you could actually buy and hold for a few weeks."

"So three buying ideas and two short sells. Ujjivan Financial Services where you make new lows every day, there is a breakdown from a support level. In Hindustan Petroleum Corporation new lows are been made also," he added.