Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "United Breweries is an opportunity. It has been in a narrow range for three days now, so a breakout can be expected given market momentum, the breakout should be on the upside. So it's something I would look to buy."
"Asian Paints had three days of correction. Yesterday was not a good day. It was a flat day but I would say that for a blue chip company like Asian Paints, a three day correction is good enough and I would venture into a buy there. It's a trade which could work very well or will get stopped out but I do not mind taking that risk," he said.
"Hindustan Unilever is my favourite stock for so many years, had a highest ever close yesterday. It's a reason to celebrate, so I would like to buy that. The trade is also on the verge of breaking out a larger range. So it's a buy."
"There are two short sells. One of them is Ajanta Pharma. The rally is apparently bear market rally and lower levels are coming. Second is Indian Oil Corporation (IOC) which is making new lows regularly, don't know why but these are two short ideas. But today is a day when I want to watch the market rather than go deep into it."
"L&T Finance Holdings is on a roll. It has doubled itself. So if one is an investor or willing to invest at current level also, it's a good buying opportunity. For most other time frames, which means day trade or a swing trade, I do not think it is worth taking."
"ICICI Bank is in a strong uptrend and is worth buying into even for a short-term trade and there is probably more upside here. I cannot give a level except that it is worth taking a long position."
"Ashok Leyland is in a narrow range and willing to breakout and the other stock is Emami. Emami has been in a range for almost three months. It is breaking out today. It is a short-term trade but it's also a positional buy."
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