Buy Godrej Industries, Petronet LNG: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Godrej Industries is making those new lows for the current downmove. It is underperforming after what was a bout of good performance and I am a little downbeat on fast moving consumer goods (FMCG), the entire sector is breaking down. So the sector as well as the individual stock chart both suggests that lower levels are coming. I also do not think that the Nifty is embarking on a sudden and sharp uptrend. It won't do that in a day. So a choppy market will give us shorting opportunities also.""Petronet LNG is an outperformer. We should be staying with outperformers and Petronet is doing well, the small correction is over and narrow trading range is likely to break on the upside. It is relatively easy buying opportunity. You could carry this trade if it works," he said."In Oriental Bank of Commerce if there is a small relief rally that comes about in the morning, you sell into strength, you get a little more upside for your selling price and that is good enough. PSU banks are not coming to an end. After big declines, markets will naturally bounce back, so today we will assume that there is a natural reaction to the big decline rather than anything else and PSU banks are the weakest."