Buy M&M, Infosys, HDFC; sell Cummins India, CESC: Sudarshan Sukhani

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."