Sudarshan Sukhani of s2analytics.com is of the view that one can buy Torrent Power, V-Guard Industries and Tata Global Beverage and sell Repco Home Finance and Mindtree.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There is something going on in some of the good quality power companies like Torrent Power and Adani Power. The stocks have made bullish head and shoulder, have broken out and are continuing their rallies. So a dip today is even a better point to buy Torrent Power."
"V-Guard Industries has been in a trading range for almost three months now, a remarkable rally and a trading range and an expected break on the upside, so it's a buy."
"Tata Global Beverage, we heard about it as to how it has broken out. It has been in a range for seven-eight days - that range and that consolidation should eventually resolve on the upside. So, three buy ideas in the midcap and all of them have tailwinds with them," he added.
"Two short sells. One is Repco Home Finance. Something is going on there. It has been falling consistently and every day. I wonder what is going on but it is a short sell."
"Mindtree has been a disappointment. It is also an easy short sell. Keep shorts only intraday, as far as possible. It's a general rule," he added.
"Cummins India is giving a sense of a large distribution pattern and significantly more downside. It is not just intraday; probably looking at much lower levels, so avoid it."
"Bank of Baroda as part of public sector undertaking (PSU) bank is a short sell. One could sell any PSU bank."Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd