Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharti Airtel's chart have been falling apart for a few days now and the news probably was being well discounted by the market but today the decline that is expected to come in is likely to be tradable which means we can go short in Bharti. If the stock is closing weak, we can carry the short position forward. The charts are not very good. So Bharti is a short sell."
"The second short sell is Castrol India. The charts have been suggesting that a mini bear market is starting. It is regularly breaking support levels which is very disappointing but there is a short here."
"There are three buying ideas. One is CESC and second is JSW Steel. A big rally has lead to a consolidation and that consolidation could break on the upside and it is possible that this stock will do its own thing even if the Nifty consolidates for long. It's a buy," he said.
"Third is Dabur India, a big bar was made yesterday, a long thrusting bar on the upside, that took it above its resistance. It is a positional trade. Dabur is an investing idea and it is a day trade also."
"I assume Dewan Housing Finance (DHFL) will climb much further. It has been in my buy list repeatedly but can one buy today for a short-term trade. One can always look at it and wait patiently for a consolidation and buy again even at current level. It is going much higher," he added.
"Reliance Industries is already in a roll. It is a positional buy. I do not know if one can buy it intraday after 3 percent rally."
"There are two stocks; one for buying and one for selling. Zee Entertainment is now coming out of congestion, a trading range and it is promising to be much better. It's a buy. Aurobindo Pharma is a short sell."
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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!
