Buy YES Bank, Aditya Birla Nuvo, Bata India; sell M&M, Apollo Hospitals: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It does appear that YES Bank is ripe for another very big rally not just a modest rally. This is not an intraday trade but if you take a positional view, buy YES Bank in spite of yesterday’s big rally. Then there is money on the upside."

"I have three short sells – Mahindra and Mahindra (M&M) which is now giving signs of distribution. Second is Apollo Hospitals which is already in an on going downtrend has come in my sell list many times and continues to do so. Third is surprisingly IDBI Bank which is giving us a sense that a top has been made at least for some time. So there are three short selling ideas, all for intraday," he said.

"The buying is in Aditya Birla Nuvo and Bata India. Both stocks are in sustained up moves. Every dip, every breakout is a buying opportunity."

"After a big decline, Divis Labs can take months to stabilise. We have seen Dr Reddy’s Labs do that. It is still not stable. So I think pharma as a sector is avoided now."