Sell IndusInd Bk, Torrent Pharma, Coal India; buy Adani Ports, Escorts: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "A bearish head and shoulder is now almost complete in IndusInd Bank and that's one more reason why I am bearish on the banking sector as such. So IndusInd Bank is a short sell. It is a positional short. The stops are for short-term trader, a swing trader but you could carry this position for longer time. Lower levels seem to be coming."

"Torrent Pharmaceuticals is another short sell; pharma companies are doing nothing, they are not bottoming out. The small rally in Torrent Pharma has fizzled out, lower levels are coming," he said.

"If you see Friday's price action in Coal India, it opened up, went higher, gave up all its gains and closed at the lows and those lows are also support level which means any break of that support leads Coal India lower. So these are three short selling ideas."

"Two ideas to buy although I am not very keen buyer in this market. One is Adani Ports and Special Economic Zone which is outperforming and second is Escorts - it doesn't stop, keeps going up."

"Indiabulls Housing Finance is a buying opportunity and Bharti Airtel is a position trading buy. It is an investing idea at current level."