Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bata India is a favourite, it is an intraday buy because any dip in the market justifies buying strong stocks at least for the day."
"Second buy is Infosys. Tech stocks are likely to outperform. Whatever that means, at least they will do better than the index."
"The three short sells are relatively easy. Dewan Housing Finance (DHFL) is a short, LIC Housing Finance – same group, same sector, it is a short sell. Lower levels are coming in both of them."
"BPCL and Hindustan Petroleum yesterday are suggesting lower levels are coming. Small bear flag like rallies have fizzled out and broken down the downside."
"Tata Consultancy Services (TCS) after that correction is a positional buy. The only point is that with the market these may be available at lower prices in the next two months. However, largecap IT is a buying opportunity today."
"Today is likely to be a choppy day. So for the day HDFC should only be a buying opportunity on a sharp dip. That could come mid-day. Otherwise most stocks are likely to be sort of a little choppy and volatile."
"ACC, IDFC, as well as Bharat Electronics (BEL) are all short selling opportunities. If the market stabilises then ITC is a buy; almost everything else can either be avoided or considered as a short," he said.
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