Buy Cipla, Bata; sell Cummins: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are buying ideas. Cipla is not almost on the verge of a significant breakout on the upside. It has been in a trading range for months and there is a sense that it is now slowly inching upward for a significant up move. So, Cipla is a buy. It is not necessarily a day trade. You want to buy it and hold it.""The second buy is my favourite, Bata India. It has been doing very well. It is a small consolidation and a likely breakout from that consolidation," he said."Cummins India is a short sell. It has been a distinct underperformer. This market is weak, at least in a correction. So, there is some sense in selling underperformers.""The charts of V-Guard Industries are excellent. Here is a stock that is making lifetime new highs and it went through a nice and deep correction. So, it is bouncing back from a correction. My problem always is how do you buy a stock on a day when it is 5-10 percent higher and that becomes an issue but if you are long term investor, then I think there is much more upside here.""The technicals suggest some small distribution has already taken place for Tata Motors and lower levels should come. It is only a short term view. On a much longer outlook, most blue-chips are buying opportunities. So, I am giving a short term outlook that lower levels should come."