Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is a long list of short sells in NBFCs. That includes one PSU bank. I have Punjab National Bank (PNB) as a short sell, that stock is now at the lowest point since that big rally started. There are any number of PSU banks which are giving sense of further weakness. PNB is a short."
"Two NBFCs are relatively easy shorts. Can Fin Homes where a 30 percent decline has already happened even as we were looking at, it has strength and that should continue."
"Capital First is where a fairly bearish pattern is on the verge of being completed. NBFCs I have been saying are in a short-term or intermediate down trend and that pattern continues generally for that sector."
"There are two buying opportunities. One is Hero MotoCorp, it had a very nice attractive rally yesterday, so perhaps that decline is now coming to an end."
"Finally, a positional trade and a day trade and a swing trade on Ajanta Pharma, a very attractive base is being build, it is part of pharma pack which is now coming out of that bear market. Consider buying it not just for today but for a longer term," he said.
"Gujarat State Petronet is now coming and reaching its lifetime new highs."
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