Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITC and Bajaj Auto and can sell Hindustan Petroleum Corporation.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "ITC is a buying opportunity, the stock has shown surprising strength. It has been an outperformer on Friday and today and maybe this stock will do its own thing even if and when the Nifty starts falling again. So, ITC is a buy and you could actually consider going long in it whenever you can."
"The second buying idea is Bajaj Auto. A large trading range, a breakout, a setback to that price on Friday, everything fell, but again today it is showing some strength. So there are two buying ideas, try to keep them intraday but in ITC you could focus on again and again on other days also.""One short sell is on Hindustan Petroleum Corporation. We have BPCL as a short sell. Hind Petro is in the same category, falling day after day and that is an easy short," he said.