Buy Infosys; sell Arvind, Castrol India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I like not only Infosys, the broad IT space and the chances are that at least IT and pharmaceutical will outperform whatever the Nifty does. You take a positional view and I am taking a positional view on the downside and staying with that trade." "Intraday choppiness could be killing for traders. It is not necessary that the market will oblige us and simply start going down day after day; that may not happen. So, that up and down movements for short term trading could be very tough; that is why start with the positional view," he said. "The trades are simple. Buy Infosys, it is in some kind of an uptrend. At least it is an outperformer. Divis Lab is now bottoming out. Pharmaceutical could easily do its own thing even if the Nifty doesn't." "There are three short sells, Arvind which is a short sell and Castrol India. Arvind is making a very bearish pattern. So, significantly lower levels may be coming. Castrol is toping out and I think as crude goes higher, Castrol probably will go lower," he added."Jain Irrigation is in a significant downtrend and that should continue.""Titan Company and Century Textiles and Industries are available for short selling and that is the trade on the short side." "Apollo Tyres is on the long side while indices are best avoided."