Sell Kotak Mahindra Bank, buy HCL Tech: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are buying and selling opportunities in the market. For selling, we are looking at selling Kotak Mahindra Bank. The stock itself is at the low point of the day. It has broken down from a narrow trading range and it is moving down. Private sector banks are not the flavour of the day today, so the sector is also supporting a downswing. So sell Kotak Bank.

"Go for IT stocks. Buy HCL Technologies. HCL Technologies has seen a very handsome rally, a small narrow range. A burst from that narrow range towards higher highs and is supported by the entire IT pack. So there are two different calls, one for buying and one for selling, " Sudarshan Sukhani said.

Also read: What Nomura expects from Infosys, Wipro, TCS, HCL Tech Q1