Buy Interglobe, Ambuja Cements, Power Grid; sell Union Bank, Fortis Health: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have no idea what the day will bring, so this is intraday – after that big decline, there may be stocks that rally and if that happens, the strong stocks can be considered for a day trading opportunity. That starts with Interglobe Aviation, Ambuja Cements and Power Grid Corporation of India. All three are relative outperformers, they have had nice decent minor corrections. So, in a choppy market it is possible that we can see rallies in these three stocks and many others; I am just naming them for the day."

"Two short selling ideas, Union Bank of India which is on the verge of breaking and making another breakdown. I wonder where it will end up. Fortis Healthcare which has been making lower highs, lower lows and not stopping their declines."

"Just on my own view on Infosys for whatever it is worth, it is not a short sell. It is a do not buy opportunity, do not touch it," he added.

"V-Mart is something that has been going on. I can’t say what to do with it. It is best to wait for a correction and then buy. There are two stocks on the buy side. There is a mild bullish bias at the open. One is L&T Finance Holdings which is a buying opportunity and the second is Titan Company.