Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "V-Guard Industries is a buy. The stock, after the big rally went into a trading range and it is now breaking out. This is a strong outperformer and is breaking out of a consolidation. It is not just a day trading or a swing trading buy. One could take a positional view on this."
"The second stock is ICICI Prudential Life Insurance Company. We had a big bear market decline in the stock bringing it down to Rs 400. The first signs of life are coming. A potentially bullish pattern is in development. We are buying in anticipation of that pattern becoming proven," he said.
"Indraprastha Gas (IGL) is on the verge of making new breakout from a consolidation pattern. It is a buy."
"IFB Industries is in the cash segment and we usually talk about Futures but the stock has made bullish head and shoulder and broken out of it. If you are looking for cash shares, here is a buying opportunity, holding on for a few weeks."
"Yesterday we had Reliance Capital as a short. Today we have Reliance Infrastructure as a short. The group is in trouble," he added.
"I would be a buyer in Axis Bank. It has been in a trading and consolidating after big decline and is on the verge of a breakout. We have to buy before the breakout comes. It's a buy."
"There are two stocks for buying. One is Gujarat State Petronet. It is not a day trade. You have to carry it. Second is Bajaj Finance. Both are trades that you need to carry but they are interesting and willing to break."
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