Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Technologies and Colgate Palmolive and can sell BEML and India Cements.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Divis Laboratories' chart suggest that there is a strong rally, so unless the numbers were so disappointing I think a dip is a buying opportunity. It is almost on the verge of a significant rally upwards. So, we will have to see how the market accepts that new but I would be a buyer once the market stabilises."
"I also have KPIT Technologies which is a buying opportunity. KPIT is part of the tech pack which is literally flying away. Small dips, intraday dips are actually good because you get it that much lowers. So, KPIT is again on the verge of a significant breakout on the upside, it is a buy."
"Colgate Palmolive is now matching the performance of the other FMCG companies. It has already build a base and broken out. A small consolidation should break on the upside."
"I also have two short calls. The short calls are here only intraday mainly because after a big gap-up a lot of stocks become difficult to buy at least for the short-term trader if you are trading for one or two days. So, perhaps there will be some short selling possible in BEML which is collapsing day-after-day and India Cements. A short sell should be done only intraday," he said.
"With a disclosure I have some investments in ICICI Bank. I think the stock price is now literally willing to go higher and at some point it should cross Rs 400," he added.
"There are two stocks - one is Future Retail which is a buying opportunity even at elevated levels. The second is IndusInd Bank, it is probably the most attractive private sector banks.""L&T Finance Holdings has now finished its correction and that is a buying opportunity for the day as we speak. Petronet LNG is steadily going up after a long trading range, so it is a buyer’s day today."