Buy Asian Paints, Axis Bank, Godrej Industries: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The long call is not meant for an intra day trade. It is meant for a series of trades or a series of days. So, the idea that if there was a dip in the day as there was, traders should have gone long. The point really is there are no short selling opportunities, the trend is up and you should be positioned on the long side. You do not have to trade every morning and afternoon. You can actually maintain a position, maintaining a position itself is a trade. If that is so, then my view on the market remains upbeat and in an upbeat market, I prefer to go long."

"Asian Paints is moving in a trading range. The sense is that perhaps this range is going to break on the upside. In any case it is already come down to a very strong support level and has gone through a deep correction. So, Asian Paints is one of my first buying ideas," he said.

"Axis Bank is just completing a bullish head-and-shoulder, that is very interesting because ICICI Bank is doing something similar. So, may be this is giving a message that there is much more scope left in the Bank Nifty too. So, Axis Bank is a buy."

"Godrej Industries is completing a consolidation and getting ready to move up. It is a midcap but the trade is the same - sharp down-swing, consolidation, breakout which is what the Nifty also did. All said and done, I am comfortable staying on the long side."