Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Godrej Consumer is a short sell. It is now making a minor top there suggesting that lower levels are coming."
"UPL which has been an outperformer, is again distributing, suggesting that some lower levels are coming. Generally short selling should be done only intraday for stocks."
"Third is Sun TV Network. Suddenly it has fallen; clearly the stock price is coming down."
"IGL is a buy. It was lifetime new highs yesterday when the whole market was a little chaotic. So, you have to buy that," he said.
"Bharat Forge which has just broken out of a trading range yesterday, these are outperforming stocks for the next few days."
"So, three selling ideas, two buying ideas, and a warning that it is looking like a decline, but may not be very easy."
"I would not touch Jaiprakash Associates. I do not go for speculative stocks. There are two short selling ideas for the day. Keep them intraday only. One is Tata Motors and the other is Yes Bank."
"Sun Pharmaceutical Industries is a short selling idea rather than anything else; it is difficult but it is there."
"Sun TV Network is looking at lower levels."
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