Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Mahindra and Mahindra (M&M) has come in my buy list after a long time. For two months it was correcting. It is now turned flat. In a bull market, consolidation should be reason to cheer. So, we will buy M&M and see what happens."
"It does appear there is significant momentum in Infosys in the short term. Nobody knows about how long this will continue and the results could change it. However, Infosys with all of this is a buying idea. It is now breaking out of a consolidation as Tata Consultancy Services (TCS) has already done. I think the other IT stocks will also follow. So, Infosys is there for buying," he said.
"HDFC is in a trading range. The stock could pull the Nifty or vice-versa, I don’t know, but it is worth buying into."
"We should try to be on the buying side rather than on the short side, although I have two short selling ideas because they are both weak stocks. Cummins India which had a sharp rally has been falling consistently. It is breaking support levels, is a short sell."
"CESC which had a very bad day yesterday is short," he added."
"Ashok Leyland has been going up every day. It is for the last few days there has been a pause. I think this pause suggests that a consolidation is starting. However, because it is at lifetime new highs, this is a buying opportunity if there is any minor dip."
"There is another stock - Globus Spirits. It has an excellent chart, I don’t know how it will open, whether it opens so much higher but if you want to look at a swing trade or a short term investing idea, Globus Spirits qualifies for that."
"Idea Cellular is a complete avoid. Bharti Airtel is a buy on dips. I think it is going much higher."
"Hero MotoCorp and Asian Paints, two bluechip stocks are both suggesting that some momentum is there. So that is what I am watching for to buy."
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