Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Today is one of those rare days when actually there are no stocks to trade. We have a list but it is not a high conviction list."
"There are two stocks in the buy segment. One is Wockhardt. It could be a short term trade but there is a buying opportunity there."
"The second is Bajaj Auto. It is outperforming. So, at some point during the day it is a buy, not necessarily at the open but once the market stabilises, I would be considering going long in it," he said.
"There are three short selling ideas. They are primarily intraday shorts. Hindalco Industries where a large distribution is now visible. Second is Just Dial, my favourite short. After a big rally, it is falling every day. I think there are lower levels coming there."
"Mindtree from the IT pack. No matter what Infosys does, midcap IT stocks have very poor, badly formed charts. So, it is a short sell."
"Infosys and Tata Consultancy Services (TCS) are both in serious declines. So any rally here is a short selling opportunity. That applies to midcap IT also."
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