Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are a lot of midcap opportunities to go short in. So it is a balance between the long and short side of the market."
"Metals are now coming down; almost all metals stocks are willing shorting opportunities. It is Hindalco Industries for the day. Remember that short selling should be done only intraday. In a bull market we do not carry short positions as far as possible."
"Arvind is a short sell. It is making some kind of a distribution. Oriental Bank of Commerce from public sector undertaking (PSU), I have been downbeat and bearish on PSU banks generally. So that theme continues," he said.
"There are two buying ideas which can be carried forward, so they are swing trades. The first is Britannia Industries from the fast moving consumer goods (FMCG) group; FMCGs are outperforming, forget about valuations, this group will continue to outperform."
"The second stock is Mindtree. It is coming out of some kind of depth. It is looking little more cheerful. So Mindtree is another buying opportunity which one can carry into," he added.
"Even today after the gap up there is a buying opportunity in Aurobindo Pharma. A target of Rs 695 to Rs 700 is available, so there is a short-term day trade or a swing trade available."
"Housing finance has had a bad day on Friday and that means that perhaps today could be a buy day for these stocks. These are all intraday buying opportunities. I would avoid tyre stocks for the day but housing finance companies are much more attractive as a day trade."
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!
