Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The market is choppy and long positions should have been closed in the morning when there was a gap up. A sharp dip justifies an intraday buy. That dip has not actually come about. The Nifty and the Bank Nifty are not giving us any trades and it is better to step aside."
"Aurobindo Pharma is in an uptrend. Today it is down. Being down is actually a minor correction and it justifies buying on this dip. Keep a stoploss, if it does not workout get out in the afternoon, if it does stay with it," he said.
"Voltas has gone through a deep correction. It is now coming out of a base. That is an attractive buying opportunity for intraday traders as well as for somebody who wants to carry a position. So there are two buying ideas. One of them is Aurobindo Pharma, but keep a tight stop there. Voltas trade should be allowed some flexibility."
Disclosure: He has no positions in the stock.
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