Buy HDFC, Tata Power; sell PNB: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "HDFC is a possible buy candidate. The stock is a relative outperformer today. So, perhaps we can consider buying the stock for tomorrow. It is not a day trade. Perhaps in the morning if the markets are even a little bit steady HDFC could do something interesting."

"Tata Power Company went through a deep correction, that correction is coming to an end and the stock is doing well today. It seems that this is also a positional trade. Traders could actually buy for a few days even a couple of weeks and take a short term view on it," he said.

"In my opinion PSU banks are very weak on their charts. They are breaking support levels. If some of them are not then they are exceptions but we should not buy them. The trade in the PSU bank lot is to go and short sell it. I am suggesting short selling Punjab National Bank (PNB). It is almost at the same point where a significant decline can come in."