Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "HCL Technologies is a buying opportunity. Keep a stop loss, if that pattern is not genuine, if it fails, you get stopped out. However, otherwise, we are literally buying at the lows. So, HCL technologies is my first buying idea."
"Second is my old favourite, Bata India. That stock keeps on going. It is consolidating and on the verge of another breakout on the upside. Bata is a buying opportunity, it is also part of the favoured consumer durables sector," he said.
"Then I have Exide Industries. Same story, it has seen handsome rallies, it has been consolidating for three to four days. I think there is a breakout on the upside imminent; I would buy it."
"Even though I am not so upbeat on the Nifty Bank throughout the day, there is an uptrend. It is not just tradeable that was my point for the Nifty and Bank Nifty. However, Union Bank of India is pushing against a strong resistance level. It is very strong, it is outperforming the Bank Nifty. That is a buying opportunity not just for the day, it is also a swing trade. Buy and hold it for some time."
"There is a short sell just to keep things a little cool, and that is Aurobindo Pharma. The stock is going down every day. So, that is a sell"," he added.
"There are two buying ideas that are coming up. One is Mahindra and Mahindra (M&M). It could outperform for the day. The other is Tata Power. So, one can consider both."
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