Buy BoB, Canara Bank, Andhra Bank, ONGC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Technically Reliance Industries is an outperformer. I don’t think Reliance is going to do something very dramatic today. There is nothing on the chart to suggest that an imminent upmove or a strong upthrust is coming in. As there are no trades, there are no patterns even though everything maybe going well for it, I would not trade it." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"There are so many PSU banks which are giving us buy signals. Last week we had a couple of them, now there is a general breakout almost everywhere. So, whether it is Bank of Baroda (BoB) or Canara Bank, both are buying opportunities, as well as Andhra Bank. I am just naming three but you could really close your eyes and buy a PSU bank and hopefully do well enough," he said. "GAIL India and Gujarat State Petronet are giving us attractive buying opportunities. GAIL is a positional trade; it is making a head and shoulder and breaking out. So you don’t want to trade this. While you can trade it on a short-term basis and the stops are for that, you could actually buy it and hold it for a few weeks or months and there are significant rallies possible.""Almost the same chart is now developing in Gujarat State Petronet, a very attractive breakout is imminent. There is a theme here because not only these two, even Oil and Natural Gas Corporation (ONGC) is giving us a bullish pattern. It is not in my list, gas based stocks are giving us a buying theme. So, both are opportunities to go long into in a choppy market," he added."The chart pattern of GMR Infrastructure is fairly upbeat and bullish but because the stock is so low, I don’t put it in my list. However, there is a buying opportunity for those who want to seek it."