Buy Canara Bank, RIL, Infosys, Ambuja Cements: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Axis Bank has been a favourite for some time. It is almost ready for a significant breakout. This is going to happen when the market wants it. I assume it could well happen today and then we will have to see how much of a pause there is. But there is good not only a swing trade but a positional trade in it. Public sector undertaking (PSU) banks are outperforming, I am not a big fan of PSU banks but then the market is liking them and it is far better that I follow the markets rather than the other way round.""Canara Bank is a buying opportunity although we did have State Bank of India (SBI) yesterday," he said."I would be a buyer in Reliance Industries today. A very minor correction in the stock is over given the fact that the Nifty itself is cheerful and it should be a performer, so it should not underperform the Nifty. Then it is also on the verge of a significant breakout. Sometime or the other the breakout will happen. So Reliance is an attractive idea for swing traders and everyone should have it in their portfolios." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com

"Infosys is giving us a similar pattern. It is just on the verge, very close to its lifetime new highs. It does appear that a small correction maybe getting over. You could buy the CNX-IT or buy Infosys because it is the largest constituent of CNX-IT anyway but both trades are something that you want to carry, Infosys and Reliance," he added."Ambuja Cements has a nice attractive chart. It is among the midcap stocks. For six months it has been consolidating and creating a large accumulation pattern. Six months accumulation is nice to see. It is just breaking out and is a trade for short-term traders, for people who want to make positions and are upbeat on infrastructure rather than going to infrastructure, go to cement. Ambuja Cements is just appropriate for that because it is breaking out.""Colgate Palmolive is making new lows, building in small consolidation patterns and breaking on the downside. In this market, it could be the Patanjali effect, I have no idea but it is a nice short sell."