Buy ITC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would be upbeat on ITC. It has gone through a deep correction. It is a very strong stock; out performing the Nifty consistently. When one has a deep correction in a strong stock then the bounce is as good and as strong, so ITC is a buying opportunity. For somebody who is wanting to carry a position for a few weeks, we never worry about valuations, we just see if the charts are good and if the company is a bluechip, we go for it that applies to ITC."

"Unlike ITC, Hindustan Unilever (HUL) had rallied far too much, so the pullback was also deeper. To that extent between the two ITC is a better stock. HUL probably needs more time before it goes back into that original groove of a rally," he added.