Buy Reliance Capital, Sun TV, Britannia; exit tyre stocks: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "From private sector banks, Kotak Mahindra Bank is facing strong resistance today. It has been running up prior to the news. I have no idea, but whatever the news is, I think the run up is probably done with." 

"IndusInd Bank is a buying opportunity, it is at lifetime highs now and that is always a good reason to buy. The public sector banks which are now waking up and are probably a very attractive idea if you want to carry positions and swing trade for a few days, they are available for buying," he said. 

"My own stock ideas for the day are primarily midcaps because in spite of the Nifty’s handsome rally, midcaps are doing even better. So, we start with Reliance Capital which is at a six year high now. It has been in a trading range for six years, so, buy Reliance Capital."

"Buy Sun TV Network which is at lifetime new highs. Buy Britannia Industries which is part of the FMCG pack and that suggests which is in any case doing well. So, the bias is on the long side today." 

"Technically, tyre stocks have had their run up and again I think the news is now going to be to the point at which profits should be taken. So, if you have these as a swing trade, now is the time to get out of them."