Buy HCL Tech, sell ICICI Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18,"Markets are cheerful and some of the stocks are not doing well. HCL Technology is a buying opportunity. The stock itself was in a trading range, it has broken out. IT stocks are doing better than the rest. There is relative outperformance so consider buying HCL Technology. It could actually keep on building on the momentum that it has developed today. That is a long idea.

"A short sell comes in ICICI Bank. ICICI Bank had rallied in the morning, it faced strong resistance and that resistance is holding. A lot of Nifty as well as Nifty components a lot of the them will face resistance below 5700 in the Nifty. ICICI Bank is also doing the same, that is a short selling idea," Sudarshan Sukhani said.