Sell Engineers India, Cummins; buy Indiabulls Housing Finance: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The stocks are mixed because midcaps are weakening. That has already started about a couple of days ago. So, we have Engineers India (EIL) where a downtrend is already beginning, a small correction is going on. Consider going short in EIL."

"Cummins India which has already broken from a distribution pattern on the downside is another short sell. Remember, these are short term trades because you don’t short sell for a long period of time in this bull market, but they are available for the day. Cummins and EIL are short sells," he said.

"Indiabulls Housing Finance is something where you want to go long. I don’t have an opinion on Magma Fincorp. It is relentlessly climbing higher, but I would not be able to comment. However, Bharat Financial is breaking down. It is in a correction of some kind. It has been there and that continues. So, it is not a buy, this is not a dip."