Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "My bias is clearly on the long side or in the bullish side. ACC together with most of the cement stocks is building a very large base and it is more of an investing idea or a position trade. It is a swing trade, you buy and hope to get a break out in the next few days. However, if you were to invest in it for a few weeks or some months, it would be an excellent trade, that applies to most cement companies. So, that is a buy for the day." "IndusInd Bank, after two days of narrow ranges again broke out yesterday. That tells us that the momentum which it has gathered is intact and higher levels should be coming," he said. "The third buy is Voltas, it went through a deep correction. This is part of the theme that I have of say - infrastructure, engineering and capital goods. That deep correction in Voltas is over, a small base has already let to a break out, so this is an ongoing uptrend." "Two short sells - one is Idea Cellular, it is a big disappointment. It is giving the sign of a large break down on the downside, it may not happen given the bullish environment we are in but it is fairly bearish." "Glenmark Pharma which is going up and down and finally suggesting that it is facing significant resistance could at least see a correction. So, three buying ideas with much more conviction and two short sells," he added.
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