Buy Ajanta Pharma; sell Tech Mahindra: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tech Mahindra was under pressure but Infosys and Tata Consultancy Services (TCS) are not giving such signs but Tech Mahindra is. It did not participate in any of the Nifty rallies. It has been falling consistently and it is on the verge of breaking down again from a significant support level.""Tech Mahindra is probably weakest of the five stocks, it is a short sell; it could be a positional short," he added."Ajanta Pharma is a very nice stock chart. You really want to take a positional trade here on the long side, buy Ajanta Pharma and hold for a few weeks. However, for a day traders that hopeful uptrend will also give them day trading profits. So, whether you are an intraday trader or a positional trader that big decline in Ajanta Pharma was simply a correction and Thursday’s strong up thrust tells us that a new uptrend may be just beginning. So, we are literally buying at the lows." "Gail India has been coming consistently in our buy list. Also when we talk of the energy sector and we say Gail, NTPC, Reliance are all cheerful. We had handsome rallies in Gail and back to back gains and then there was a small correction and that correction is over.""On Wednesday it saw a big rally, Thursday saw a pause. A pause in an uptrend would usually tell us that the uptrend should resume soon enough. Whether it does it today or tomorrow it is difficult to say but I would be positioning myself on the long side anywhere. Expecting it to break that Rs 385-390," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.