Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "HDFC Bank is in a trading range for four months almost and it broke out yesterday. Made lifetime new closing highs and that tells us that the breakout is genuine and hopefully significantly higher levels are coming. Perhaps, the Nifty would be given a lot of push by HDFC Bank this time. So, HDFC Bank is a buying opportunity."
"PC Jeweller which has been an outperformer and a favourite for me tells us that a higher breakout and new highs are coming here."
"Tata Global Beverage had a big breakout which is already on the anvil and which is already going on, so it is a continuation of that up move and that is a buy."
"PVR is a buying opportunity. After a long time this stock had a deep correction and then a very large trading range. That trading range is giving signs of a bullish breakout. It is not yet done, so we are buying in anticipation. If this works we are buying literally at the lows. So, PVR is a buy."
"Kaveri Seed Company is the short sell, maybe traders can then watch price action before actually going short here," he added.
"Sun Pharmaceutical Industries has probably one of the best charts. So, Sun Pharma and IndusInd Bank are where a short shallow correction is breaking out today. So, these two stocks are now also on the radar for buying today."
"I would still go with Mahindra & Mahindra in spite of the big rally we saw yesterday because it has a much better chart."
"Yesterday REC and PFC made new lows for this last six months and today there is some news and bounce back. I wouldn’t touch them at all."
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