Sudarshan Sukhani of s2analytics.com is of the view that one can buy Yes Bank, Tata Elxsi and Sun Pharmaceutical Industries and can sell Mahanagar Gas and Berger Paints.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Yes Bank is a buying opportunity. Apart from the fact that it is part of the private bank group which is doing well, it has also gone through a deep correction and that correction is over. A small consolidation did not breakout yesterday but had a good day so perhaps that will break on the upside today."
"Tata Elxsi keeps coming on my buy list, part of that midcap IT group or you could actually buy almost anything in that group and make money. Tata Elxsi is just a choice today."
"Sun Pharmaceutical Industries is a buy, it is outperforming all pharma companies. Perhaps the worst is over. It is also an investing idea. You could actually buy Sun Pharma as an investment."
"I have two short sells - one is Mahanagar Gas, if you remember how it was going up relentlessly day after day, all we had to do was to say buy Mahanagar and then it would go up. Well the exact opposite is now happening. It is on the verge of breaking a significant support level although it has already fallen and that happens to everything, so MGL is a short sell."
"Berger Paints is a short, it is in the futures & options segment, so it is easy to short it. Apparently, perhaps crude is now affecting it so that is a short. Broadly for some reason I am little careful on this market."
"Axis Bank has a better chart then ICICI Bank, although I own ICICI Bank shares but Axis Bank has a far better chart and so is HDFC Bank. For a trade I would be looking at Axis and HDFC Bank," he added.Dabur India is a buying opportunity, FMCG which we are focusing less is because we are taking of banks. It is FMCG which could really be the outperformer today."