Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks are available for buying and selling because broadly the markets are quiet and sedate. In such circumstances both sides of the market open up.
I have Havells India as a short sell. The stock itself is suggesting a mild correction maybe in the offing. Day traders can take advantage of that temporary weakness."
"There are two buying ideas. Hindustan Unilever (HUL), an old favourite, and Biocon which is just coming out of a small correction and resuming its up trend. So, two buys HUL, Biocon, and a day trading short sell which is Havells."
"Kwality has been in a trading range for almost eight years. It comes down a little, goes up, maybe some fundamentals have changed, I can’t say about it. However, I would suggest that one should exit Kwality. In any case, this is a time to go for good quality midcaps and the best quality bluechips and hold them for a long time," he said.
"Indo Count Industries is a different matter. It is a good company, I would think that it is worth holding. It is worth holding for a longer period of time, three years, two years, five years whatever. One should be able to get good gains there. So, exit Kwality and stay with Indo Count."
"The market gives their own levels, but we can only anticipate and put a forecast; that need not come out right. However, for whatever it is worth, it is possible that Mahanagar Gas which is in a strong up trend can reach Rs 1,100 by December 2017. Nobody can say on which date and when, but that is a trend which should take it to Rs 1,100," he added.
"Similarly, ICICI Prudential Life Insurance, as I hear bring overvalued is in a very strong momentum. It could reach Rs 550-575 by the same period, end of December."
"However, I have no view on L&T Infotech. I don’t think it is a very attractive stock and I cannot give a target or even give a view."
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