Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks will do their own things but with the mood changing and becoming a little downbeat, there are short selling opportunities opening up."
"I have Tata Motors which is now suggesting that significantly lower levels or a deeper correction is coming. That is a short sell and Glenmark Pharma from the pharmaceutical companies," he said.
"The pharmaceutical stocks are all over the place. A lot of them are giving us bearish signs and Glenmark is one of them."
"There is a buying opportunity just to balance it out. I am upbeat on FMCG. Generally that sector is outperforming and probably will outperform. So, Colgate Palmolive is a buy."
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