Buy Reliance Industries, Asian Paints, DLF; sell Arvind, GAIL India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Reliance Industries is not in my list but the reason is that Reliance should be in everyone's list as a buy idea. If one does not own Reliance, one should. However, now as we speak, after that small correction Reliance has turned up and it is giving a sense that it is going towards Rs 1600. So in any case and even a short-term trader think of Reliance as a buy idea now."

"Asian Paints is a buying opportunity. It is a favourite stock of mine. A small correction is probably over; fast moving consumer goods (FMCG) should outperform and would be the reason why the Nifty goes up, if it does, FMCG and Reliance," he said.

"I am not very sure about the banks. The banks could go up, they may do minor contribution, I do not know. Apart from Asian Paints we have DLF. DLF had a nice corrections, small, mild and then a flat trading range and it is now breaking out of that range. So there is something going on in DLF which is worth buying."

"Autos is an outperformer. Hero Moto has done well and it is now on the verge of breaking after a small correction. There are a lot of good quality stocks that have corrected together with the Nifty and are now giving a sense of breaking out. So if at all a Nifty trade is taken, as I suggested, it should be only on the long side for me," he added.