Buy Mindtree, Pidilite Industries; sell UPL, Tata Steel, Tata Motors: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "In the IT Index, the largecaps and the midcaps will be outperformers whenever the next bull market leg begins and this is the time to start accumulating."

"I have Mindtree in buy list, we have talked about Infosys, Tata Consultancy Services (TCS) and Tech Mahindra.  Mindtree is also an outperformer from the midcap segment. Buy this stock for the day and you could start building your positions. So, Mindtree is an outperformer and likely to be so."

"I also have a buying recommendation in Pidilite Industries, a very attractive bullish head and shoulder is available there in this bear market or in this deep correction. That is a message that the same patterns are available on FMCG stocks not in the same intensity as IT, but almost similar. These are two sectors which should outperform."

"UPL is a short sell. It has been falling and is in a bear market of its own.  Tata Steel is a short sell, the market does like what it is doing and there is much more downside here."

"Tata Motors which is already in a mini-bear market is another short, it is breaking significant support level today," he added.