Sudarshan Sukhani of s2analytics.com is of the view that one can buy Piramal Enterprises, L&T Finance Holdings and Indiabulls Real Estate and can sell BHEL and Apollo Hospitals.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Piramal Enterprises had a handsome rally. It has been an outperformer and then a small decline and that decline is ending in a consolidation and we can expect a breakout on the upside. It has an attractive bullish pattern, so it is a swing trade for sure but if you are looking for investing ideas then Piramal Enterprises is a buying opportunity and as an investment idea. So consider this for going long in any time frame."
"L&T Finance Holdings is going up on one direction only; a small consolidation can easily break on the upside even as the Nifty chops around. It's a buy."
"Indiabulls Real Estate is an outperformer, small consolidation in a choppy market and is on the verge of a lifetime new high although that may not come for the Nifty. Indiabulls Real Estate is also a buying opportunity," he said.
"Two short sells - Bharat Heavy Electricals (BHEL) where a small rally was tepid and found significant resistance on the upside. It is telling us that there is no upside here at least for the time being. Go short."
"Apollo Hospitals Enterprises, part of a larger pharmaceutical healthcare group is in doldrums. It is a short sell. The attractive ideas are there for buying," he added.Dr Reddy's Laboratories because on the daily charts it is giving bullish pattern, a small base and today it is doing rather well. So Dr Reddy's is a buying opportunity. The second is DLF. It has gone through a deep correction and is now emerging from it. DLF is also good for a long position. I do not have a view on the index today."