Sudarshan Sukhani of s2analytics.com is of the view that one can sell NTPC and Bharti Infratel and can buy Tata Steel, Sun TV and Sun Pharmaceutical Industries.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The sell calls are intraday only which is usually what I do. NTPC is seeing a significant and serious decline after that rally and the decline is more or less step-by-step, lower highs, lower-lows and that is a short sell."
"Bharti Infratel where something has been messed up, the stock is already in the mini-bear market of its own and that is a short sell."
"Tata Steel is a buying opportunity, it is consolidating and yesterday it had a narrow range day. Even if it breaks below yesterday’s low, that doesn’t mean anything. I would only be a buyer here. Just wait patiently for the first hour, so that you know that the market is stabilising and then buy it."
"Sun TV has a similar pattern, a nice rally and a small correction. Yesterday was a good day for Sun TV. So I am assuming that the uptrend would start again."
"Sun Pharmaceutical Industries has an excellent chart, so irrespective of what the market does, I think you should be looking at this as an investing idea or a position trading idea and of course a trade today," he added.BEL is a buying opportunity, so this decline will come and Jain Irrigation is best avoided.