Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The charts are suggesting that most banks are going into a process of consolidation. So while Yes Bank is always a buy because bluechips can be bought anytime, lower levels would be available in the next two months."
"Biocon has probably completed its bull market. That is a pity because it has been a big rewarder. However, I think consolidation and lower levels are coming there. Sometimes that happens to bluechips."
"HDIL is a complete avoid. Nothing to see there. We talked about Hindustan Zinc, everybody did, and that is a buying opportunity," he said.
"Apollo Hospitals Enterprises continues to weaken and it is a short sell. It is probably becoming an easy short sell. Indraprastha Gas (IGL) is a buy."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!