Sell Glenmark, M&M; buy Siemens, Larsen & Toubro, Exide Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Among the sells, Glenmark Pharma has very poor charts. Traders should understand that Glenmark may easily be avoided. There is no need to go short in a stock where some news flow is coming in."

"Mahindra & Mahindra (M&M) is a short sell, its charts are not very good and has not made news highs when the Nifty was doing that. It has now slid also. So there is a reasonable positional short opening up in M&M surprisingly," he said. 

"There are three buying opportunities, Siemens which are making those higher highs higher lows. It could be a substitute also for Larsen & Toubro as a play on the capital goods sectors. It is a very nice chart, much higher levels are coming. You could buy now and hold for a few days and hold for a longer period of time." 

"The same story comes for Marico. Here also together with Hindustan Unilever and other stocks there is a nice momentum going on."

"Finally, Exide Industries where a trading range is developing after a big run up that range should resolve itself on the upside. So, buy it and hold it for a few days, don’t day trade, none of these are day trades. Today could be choppy and uncertain but the trend is up."