Buy Kotak Mahindra Bank, HCL Technologies, Bharat Forge; sell Lupin: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Kotak Mahindra Bank has been going on. I think the charts are suggesting that a significant rally is still in the offing. This is an investment idea, if you are looking at a significant rally. So, you buy Kotak and hold for a year. However, for a short-term trader, Kotak after five days of consolidation gives a sense that it is willing to break on the upside. That is why it is a buying opportunity. I would be very comfortable with this stock; every dip here is a buy."

"Lupin is all over the place; it is not Lupin. Every day we get a pharmaceutical stock for short selling, for saying that things are not going well in the sector completely and Lupin is just part of that problem or part of the symptom, whatever it is. So, it is a short sell," he said. 

"I also have HCL Technologies as a buying opportunity. A few days ago there was some news. It is inching up because there are so many other headwinds. However, the charts suggest that sooner or later it is going to go higher. There is another reason why I think we should be looking at HCL Technologies. News reports said that Shiv Nadar is the biggest donor to charitable causes, so, I think a person who takes care of society, will almost certainly take care of his shareholders. So, that is the technical reason and a non-technical reason." 

"Infosys is in a trading range and is willing to go higher. If the stock price falls today, it is a buying opportunity. I am not at all downbeat on Infosys. It is just on the verge of a big move." 

"Bharat Forge, a well-qualified stock for buying, a decent correction, and that correction is now over. So, we are buying after a dip." 

"We also have Shriram Transport Finance. This stock was in a bear market, and that bear market ended with a v-shaped rally started, a small consolidation and an imminent breakout. Since a lot of finance stocks are suggesting breakouts on the upside, I am not downbeat on the Nifty Bank. I just want it to show some strength."