Shardul Kulkarni of Angel Broking told CNBC-TV18, "In the midcap space, one can go short on Sintex Industries. We have been recommending this stock for the past four trading sessions. Today again we have a good opportunity to go short. One can place today's high as a stop loss and expect the stock to move lower on the June Futures contract towards Rs 42 or even Rs 40 levels going forward. So Sintex would be a good a good short."
He further added, "Reliance Infrastructure is also a good short which one can look at and I think Reliance Infrastructure offers good risk to reward ratio. One can short with today's high Rs 356 as a stoploss on the June Futures contract. Expect the stock to move to around Rs 320-325."
"On the long side, one can look at few stocks but considering the way in which the market momentum has panned out, one really need to be brave to buy in this market," he added.
"If someone wants to take a long, I think that Mahindra Satyam is better on the long side. So it is a good stock at least from a trading perspective, I think that the stock has given a decent decline post yesterday's run up. The rupee ofcourse helps IT companies. So I think that a depreciating rupee and good strong momentum in the counter should help the stock move to around Rs 123-125 levels. So Mahindra Satyam can be a long trade in the next few trading sessions." Also Read: Sintex Industries falls 5% on exclusion from NSE F&O
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