Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is almost a mixed bag. There are midcap opportunities and a choppy market we should try to catch them on the buy side because this market is at the top of its trading range, not at the lower end inspite of all the news that we are getting."
"PC Jeweller is a buy. It had a remarkable rally; that rally is not coming to an end. PC Jeweller and Titan Company probably are now becoming investment ideas. That is a buy for the day and also as a swing trade."
"Jubilant Foodworks' charts are conducive, so, it is a short term buy. Don’t go overboard, but that momentum is in our favour if you are a long trader," he said.
"NTPC which has a fairly choppy chart, but that decline in NTPC, because of that offer, has come to a strong support levels. So there is a buying opportunity here. Focus on these midcaps."
"Then two short sells. One easy, PSU banks; you can actually close your eyes and sell one of after the other every day. Oriental Bank of Commerce (OBC) is a choice today to go short in."
"Amara Raja Batteries which keeps on coming down, something is going wrong with the company, some story there. So that is a short sell."
"HDFC Bank is almost exactly what the Bank Nifty is also doing because it is a mirror of the Nifty Bank. So, either the resistance will be taken out or the support will be broken. A breakout either side is imminent in HDFC Bank for a short term trader. Inside this range, there is no trading, but on the longer term it is an excellent buying opportunity. There are probably much higher levels coming in two years’ time," he added.
"Bata India is in an uptrend. The stock is a buying opportunity for traders as well as for slightly longer term position investors. At current level, I think it is worth buying into."
"There are two stocks, one is Vedanta – I think all of us understand, Vedanta is having a one-way ride. That is a buy today also. Second is a small company, Orient Cement. It had a very handsome move yesterday, and is now on the verge of confirming a bullish pattern."
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