Buy Apollo Tyres, Hindustan Unilever; sell Mindtree: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am more or less upbeat. There is no way to determine when a possible break out from the consolidation will occur but we would be on the long side." "Apollo Tyres, which has been in a consolidation after a rally is a buy on dips. Adani Ports where a blazing rally has been continuing, I think it is a momentum buy; that rally will continue," he said. "Hindustan Unilever (HUL) has a very interesting chart, a bullish head and shoulder is now in place and on the verge of a break out. It is a day and swing trade but if you are looking at investing for a few weeks, it is worth buying for a position trader." "Of all the companies, M&M Financial Services was fairly dull. It is now building a base and now same bullish head and shoulder pattern is visible. This market is not coming down." "Finally, just to balance it out, IT has done something very unusual; it has turned on its head. So, Mindtree has suddenly become a short sell. It is a short sell and the sense is that a double top is coming in that stock. I wonder what is going on." "So, four buys and IT generally is either an avoid or a short," he added.