Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hexaware Technologies, Wockhardt and Lupin and can sell Bharti Infratel and HPCL.
Sudarshan Sukhani of s2analytics.com todl CNBC-TV18, "Since we are already long and want to be long in the Indices we are looking at a lot of midcaps. Hexaware Technologies is in the list for the same reason, it is now renewing after a four day consolidation and breakout probably to lifetime new highs. It is a buying opportunity."
"Wockhardt has been on a strong rally. It now had a mild correction, so we are buying on a dip and that correction should end which was the first sign we got yesterday."
"In Lupin, there was a big decline and the stock has been consolidating and now breaking out of that consolidation. That is a buying opportunity."
"There are two short sell also. Bharti Infratel which has given up all its gains. That big rally has ended up in a big decline and remarkably there is more downside here."
"Hindustan Petroleum Corporation came in my short list earlier also, it is coming again. It made a fairly bearish pattern and is now going down day after day. This market today is probably going to reward some stocks and punish some others, that is my sense for the day," he added.
"ICICI Prudential is a buying opportunity independently. The chart is excellent and it is a long term buy apart from today. ITC is also an opportunity. That stock is now wakening up. We all have forgotten about it but it is probably going to be an outperformer in the next few days."
"Fortis Healthcare is a buy, the stock is already having a rally and that rally has much more legs it is bottoming out.""Petronet LNG is a buying opportunity. This market is giving us so many buys but it is an investment buy also. That brief consolidation will lead to significantly higher prices."