Sell Bharat Forge, GAIL India, Canara Bank; buy Hindustan Unilever, Adani Ports: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "My own sense is that the Nifty is slowly going to slide down and not necessarily today. So, there is no harm in and there is a sense in keeping Nifty stocks in the list. There are three short sells. There is a correction going on in the Index, correction going on in the largecaps. Bharat Forge is a short sell."

"GAIL India surprisingly is now breaking from support levels, these are only short-term selling ideas. I think I should say that again and again." 

"Finally, Canara Bank is a positional short. PSU Banks which were showing signs of life and willing to go higher have suddenly morphed into fairly bearish patterns. So, Canara Bank is something you could really carry on for some days," he said.

"There are two buying opportunities, in Hindustan Unilever (HUL) and Adani Ports. Both are outstanding outperformers. In this market, they will only give you so much not very big gains, but keep them only on the long side. "

"The pattern for Future Group stocks is that I would wait very patiently for any correction and dips before even thinking about them. They are not buying opportunities."