Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "A very decent and sharp correction brought NMDC's stock price down from Rs 135 to Rs 116; Rs 116 is also a strong support level. It is staying there. So, just as we were willing to buy the Nifty at 9,700, I am willing to buy NMDC at Rs 116 assuming that this support which is now holding will continue to hold. So it is a buy on dips and there is very decent risk reward ratio here, a very minor risk and a potential intermediate upswing."
"The second stock is Bata India. Two days of narrow ranges after a small correction and the stock is in a strong uptrend, narrow ranges should break on the upside, we are assuming that breakout, anticipating it and buying that. It has been a favourite stock for me."
"Hindustan Unilever had a sharp correction and that correction has stopped yesterday. I think this is a buy on dips opportunity," he said.
"The fourth stock is Petronet LNG where the stock price has been moving everywhere for the last two months - that should probably end. It is finding repeated support, so everywhere we are buying in anticipation of a breakout."
"Wockhardt is a short sell which is part of pharma pack and which is doing nothing."
"ITC is a buy on dips opportunity but other fast moving consumer goods (FMCG) stocks are better for the longer term. So for near term ITC is an attractive buy."
"Hindustan Zinc is a buying opportunity. Metals are coming in my list repeatedly and even today, but this is not a day trade because the event itself will have some impact but if you want to carry it forward, Hindustan Zinc is a buy."
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