Sell L&T, ICICI Bank, Bharti Airtel, Capital First, HPCL; buy JSW Steel, Escorts: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "In Larsen and Toubro (L&T) and ICICI Bank, I certainly see further pressure. Reliance Industries have been outperforming inspite of the decline. So, that is a stock we do not want to go short in. However, for the other two, these are opening up for short positions."

"JSW Steel is in my list. Even on the charts it is very attractive and I am looking only at the charts, but the news is helping. JSW Steel is a buy."

"The other buy is Escorts which has been outperforming in this rather dull and bearish market. So these are two buy ideas."

"I have been bearish on PSU banks. When they gapped up, there is significant more downside here; it is not the end. Do not buy that at any cost."

"There are short selling ideas, Bharti Airtel where that big rally has fizzled out and lower levels are coming, Capital First where a very bearish pattern is now emerging inspite of the decline, and Hindustan Petroleum Corporation where a four day rally was simply a relief rally in an on-going down trend," he said.

"Private sector banks are buying opportunities for short term traders. Even today it is possible that the market as they open higher, can actually see a rally intraday. So, ICICI Bank is the best for the day. Between ICICI Bank and Yes Bank, ICICI Bank is the choice for the day."

"Interglobe Aviation (IndiGo) is a buying opportunity for the positional trader."

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