Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "NBFCs will behave as the market does, and I have absolutely no idea how the market will behave today. I think there will be troubled day; that is the sense I get."
"Mahindra and Mahindra (M&M) is a buying opportunity otherwise also. It is an outperformer and among the commercial vehicles group, it is doing the best. So that is a buy for the day and perhaps you can even carry it if it closes strong."
"ITC is building a base and coming out. I don’t see a big rally in the stock, but for a short term trader, ITC is an excellent opportunity. It is also withstanding the declines that the other stocks see on and off."
"I have Dish TV which is bouncing from a low. This is a swing trading buy, a short term buy, do not make it a long term investment. However, it bounces and then it goes up to Rs 80-85 and then finds resistance there. So it is really in a trading range and we are bouncing from the lows of that range."
"I have two short selling ideas – again because the concept of the market is absolutely unclear to me today, the short selling is in Godfrey Phillips which is in a sustained downtrend and Chennai Petro which broke lower levels yesterday even as the market was bouncing intraday. So it is a careful day today," he said.
"LIC Housing Finance on a small rally, the kind we can see today, is actually a short sell."
"In Jubilant Foodworks, the trade has gone; I do not think the stock is a buying opportunity now. In fact, the trade is in stocks like Apollo Hospitals which is doing rather well, and even HDFC if the market is stable on the long side."
"If the Nifty stabilises, then there is a buying opportunity in HDFC, the housing company. Actually the banks at some point will become a short sell if the Nifty does not cross 10,600."
"Ashok Leyland is where a buying opportunity is arising. That is worth taking into on the long side."
"Dewan Housing Finance (DHFL) could be considered as a short."
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