Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IT and pharma did not participate in the bull market and they are starting their own rallies now, own bullish trends. So, both sectors should be focused on for buying."
"NBFCs are selling opportunities. This is a short-term sell but they are there. There is significant weakness still coming in. So, Bajaj Finance is a short sell and so is ICICI Prudential. Both stocks are suggesting lower levels are coming in the near term. The key word here is near-term. At some point I think ICICI Prudential will be a wonderful buying opportunity. You will be buying an insurance company at much lower prices, so that should also be kept in mind by investors but for traders both are short sells."
"There are three buying opportunities, Bharti Infratel is a buy. Unlike Bharti Airtel it has better charts and more momentum on the upside."
"Tech Mahindra from the IT pack, either we pick up something on IT or pharma - both sectors are giving opportunities for buying, so it is Tech Mahindra," he said.
"Britannia Industries from FMCG sector is stable and probably likely to outperform."
"Tata Consultancy Services (TCS) which is again part of that IT pack looks as interesting as may be Tech Mahindra or even Infosys."
"Whether it is Cipla and Lupin, both saw big declines yesterday and Aurobindo Pharma and Wockhardt are seeing rallies. In all the cases, we would be buyers. This big decline in Cipla justifies going long there."
is a complete avoid. It is under-performing and support levels come much lower somewhere around Rs 285-288. I don’t think there is any trade. I would not short sell anything here."