Buy Infosys, TCS, HCL Tech, IRB Infrastructure; sell Cipla: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The big activity is going on in the CNX IT. The index itself is a buying opportunity as well as the three large IT stocks – Infosys, Tata Consultancy Services (TCS), and HCL Technologies. All three are swing trades on the buy side where I think more higher levels are coming that is because of the CNX IT part."

"I have individual stocks apart from the IT stocks and in a market like this there are always buying opportunities. So, we start with IRB Infrastructure which is a buy. The stock has already come out of a large trading zone, it is in some kind of an uptrend. Infrastructure is also the flavour of the season, so, IRB Infra is a short-term buy," he said.

"In Jet Airways there is a buying opportunity, at least not just for a day but for more than a couple of days."

"There is a short sell also and that is Cipla. Unfortunately the pharmaceutical pack is still collapsing. There are no signs of respite, there is no sign that it is going to stop. So Cipla is a short sell."