Buy Tata Power, REC, IndusInd Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One may buy Tata Power Company. It has been in a bear market that bear market may be coming to an end. It is a high risk trade but if the market tempo changes to mildly bullish this would be a worth while trade to take."

"Financials are likely to do well. The Bank Nifty is already proving that for the last three-four days. Rural Electrification Corporation (REC) has gone through Rs 100 correction which is almost 30 percent. That correction is getting over, similar charts are available for Power Finance Corporation (PFC) and REC where a small base is been built. We can see a breakout, so buy REC," he added.

"IndusInd Bank is at the top of its trading range literally on the verge of making life time new highs. But the fact that the market likes to buy it at higher levels tells us that more upside is available."