Buy NTPC; sell Infosys, Reliance Capital, Mindtree: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "This market is giving us a sense that it is now probably going to breakdown from that range. We are looking at going short in stocks that are already weak. So, it is that much easier inspite of a possible gap on the downside. Allahabad Bank has made a bearish head and shoulder, probably today it is going to confirm that pattern. That pattern is coming on all PSU banks. I am a little bearish on PSU banks as compared to private banks. Sell Allahabad Bank and you could actually close your eyes and sell any PSU bank except for State Bank of India (SBI)." "Go short in Infosys, I have earlier said that the target for this decline is somewhere around Rs 900 that should come about obviously not today," he said."Reliance Capital among the non-banking finance companies (NBFCs) is one the weaker ones. For the last three months, it has been consolidating and that now seems like a distribution. It is a short sell.""Mindtree keeps on falling day after day. It is already in a bear market. Bear market stocks are easy to sell when the markets are weak.""Just to make this little cheerful, NTPC has been an outperformer. Yesterday it had a good day and it is breaking out of a trading range. It is already in a strong uptrend. So, NTPC is the lone and sole buy, everything else here in my list is a short sell."