Buy Ceat, Apollo Tyres; short Jet Airways, avoid IT: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tyre companies are a buy on dips but the dips must be visible and clear. That is why the benchmark that the Nifty should cross 8,260 which is Friday’s close. Ceat and Apollo Tyres are both buying opportunities." "BPCL and Hindustan Petroleum are now in correction. So, I am assuming that some short selling can be done there," he said."The other company that is worth shorting is Jet Airways. That is a stock which is likely to go lower.""IT stocks, at this point, I am not willing to buy anything until the Nifty itself goes higher. So, this is not a dip for me. It is an avoid."