Short PNB; buy Aurobindo Pharma, Dr Reddy's Labs, Prabhat Dairy: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Punjab National Bank (PNB) inspite of the 4 percent loss is probably looking ahead to go much lower. I am downbeat on PSU banks generally and PNB is just one of them. So, consider going short in PNB even at these current levels."

"There are two buying ideas simply to maintain the cheer. Luckily pharmaceutical as a sector is doing well. It is not just Aurobindo Pharma, most pharmaceutical companies are doing rather well today. So, consider buying Dr Reddy's Laboratories and Aurobindo Pharma on the long side and PNB on the short side."

"GHCL has given spectacular returns over the last two years. It has gone up almost 600 percent. A stock cannot keep on going up relentlessly day-after-day. So, there is nothing wrong with the company, it is a very good company. Share prices are already at elevated levels. So if you are looking at these levels to go up much more, that is going to take time. However, if you are investing in the India story, in the Indian bull market, then stay on with GHCL. I expect it to rise after this period of consolidation is over. I can’t say when it will be over, it is a good share to be in, but you have to be an investor, not a trader," he said.

"Prabhat Dairy is a buy. Today everything is down, so, I don’t think we should go on a day-to-day basis. Prabhat Dairy is making a very attractive basing pattern and that suggests it could actually outperform. So, I would be a buyer. This is purely as an investing idea, we are not talking about today’s trade at all. The stock is worth buying into."

"IDFC Bank has nothing to commend itself. Why not just focus on the best private sector banks, ICICI Bank and HDFC Bank. I would avoid IDFC Bank altogether."