Sell ONGC, Lupin; buy Dewan Housing Finance, hold Adani Power: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are stocks that are going down, so, the short selling ideas I have today are ONGC and Lupin. Both are weak and in this weak market, weak stocks tend to become weaker. However, short selling should be done only intraday because this is a very strong bull market. Overnight gaps against us can kill short sellers. So for the day, ONGC and Lupin are selling ideas. Dewan Housing Finance (DHFL) from the finance segment is a buy."

"Adani Power is not for the faint-hearted. My suggestion is you stay with the stock, I have no idea whether it cannot go down another 10 percent, it can, but it can also go up 30-40 percent and you have to be a long term investor when you trade such volatile stocks. The underlying strength remains in Adani Power so stay with it," he said.

"IDFC is essentially now a holding company for IDFC Bank. So, it is like holding a banking stock share. So I think while one should remain with the banks, the sector, one can easily switch from IDFC to a much better bank. I would suggest HDFC Bank. HDFC Bank has significant potential to rise. While IDFC can also do that, why not stay with the best. So, I would suggest one shifts from IDFC to HDFC Bank," he said.