Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Given the fact that the markets are showing reasonable momentum on the upside, I would like to go long. First consider buying Bajaj Auto. The stock went through a small correction. After the correction it was in a consolidation and today it is breaking out of that consolidation on the upside. Once a breakout of this kind occurs then there is significant momentum that should carry it much higher."
He further added, "Second buying opportunity is NTPC (National Thermal Power Corporation). Its results have been accepted well by the market. The market saw sharp dip in prices and then it turned up. That turn up in price tells us that the dip was bought into. Smart money went and bought it. That is good enough for us to go long in it."
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