Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "UltraTech Cement has been an outperformer in the cement sector and among the charts. It is a stock that is the first buying opportunity if we are looking at cement. It is also giving bullish patterns which the others are still not converting to. So, UltraTech would be a cement choice although it is not on my list but that is a buying opportunity separately."
"Reliance Industries which is the largest of all caps. The stock has been in a consolidation. It has not yet caught up with the big Nifty moves. I am assuming that even in a consolidation, Reliance will eventually break on the upside. So, we are buying in anticipation of that breakout."
"Ajanta Pharma is a buy again. It is already in an uptrend and has that classic uptrend signals - rally then a pause and then resumption of that rally. It just had a pause for the last 5-6 days and yesterday it showed signs of resuming that rally. So, this is in an uptrend we are buying on a resumption of the rally," he said.
"Bata India fell and is now finding strong support at Rs 700. This is a buy on dips stock. It is already in a strong uptrend, a brief corrections seems to be getting over. I will be willing to buy and put my money on it."
"Godrej Industries is coming out again from a deep correction. It has given some bullish signs, already rallied and significantly more headroom is here. So, Godrej Industries is a buy. There is a message that a lot of midcaps have completed their correction."
"The sole short sell is Reliance Infrastructure where charts are very messy and lower levels are probably coming," he added.
"There are buying opportunities in midcaps, Bajaj Finserv which is coming out of a correction is giving us gains day after day and that is a buy. So, is Dish TV, the stock is having minor gains today and is also breaking out from a large base. So, Dish TV and Bajaj Finserv are for buying and stay where you are for the Nifty and the Nifty Bank."
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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