Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks will always offer opportunities and that is where the opportunities lie for today, not in the indices. Adani Ports has been an outperformer in the recent days. There was a two day correction and that correction is getting over today. So, a strong uptrend, a very brief correction and a renewal of that uptrend. That is a buying opportunity."
"Bharat Heavy Electricals Limited (BHEL) is now steadily and slowly entering its own bull market. It had a very good day today and it is breaking out of a trading range. Not done it, but we are anticipating that breakout on the back of a strong performance for the day. So, BHEL is a buy," he added.
"Just to balance it out, there are stocks which were erstwhile favourites but are now in the dumps and Havells India is one of them. Havells had a big run up and there was a 40 percent decline on the back of news. The results were not up to expectations, market forecasts were not to the liking of the markets and so on. Havells unfortunately is not recovering; the small bounces are being sold into. So this is short selling idea."
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