Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks are following the index on the upside. We have buying ideas for all three stocks. HDFC Bank where a small flag like formation is breaking on the upside suggesting higher levels are coming. BHEL has the same pattern, a rally, a small consolidation and a breakout today from that consolidation."
"Larsen and Toubro (L&T) which not surprisingly is having the same pattern. Nifty also has the same pattern, a breakout today. So, three good quality stocks for buying. Consider them as short term trades, today and tomorrow," he said.
"Adani Enterprises has been on the radar, but it is not a trade for today. If you want to make an investing idea, it is still there."
"Real estate stocks are breaking out of multi-year congestions, multi-year consolidations. Many of the good quality stocks are investment opportunities. You can’t trade up and down for the days, but you can consider going long in Sobha, DLF, Prestige Estates. Godrej Properties is the best of them all."
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