Buy TVS Motor, Maruti, Tata Steel, Siemens, Bharat Forge; sell SRF: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "TVS Motor Company had a large range day on Thursday - that rally should continue. It has been in an uptrend, a small correction is probably getting over. Tata Steel is a strong momentum stock. It has been in a consolidation and likely to see a breakout on the upside, higher levels are coming there."

"Siemens is a buy on dips. It has been a very sharp correction and has come to a support level. So we are now buying on a very significant and substantial dip, the risk reward ratio is very attractive. If this starts a rally, we are buying almost at the lows. If it doesn't it doesn't but it is worth looking into as a buy."

"Maruti Suzuki was in a trading range for four days and that trading range was also a minor dip and it seems to be getting over. Thursday was a message that a lot of good quality stocks are willing to go higher and Maruti is a buy, so there are four buying ideas," he said.

"SRF is going into a bear market of its own, not just a correction. It's a short sell. Motherson Sumi Systems is giving a sense that perhaps it is facing significant resistance at these levels. A much larger correction could be coming but if that correction does come, it is almost certainly a buying opportunity because the larger trend is intact but for the shorter term, it is looking as willing to break and go lower."