Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tech Mahindra is a buy. It has already come out of its bear market. It keeps on coming in my buy list. The IT Index itself broke out of a 3 month congestion on the upside."
He further added, "Zee Entertainment was at life time highs at the closing level, all stocks and especially blue-chips which are at life time highs should be bought into, so it is a buy."
"GAIL India has been rallying, yesterday had a down day and that down day was probably because of some different reasons in the afternoon. It is possible that the rally could start again. So, GAIL is a buy."
"Tata Chemicals had another consolidation of three months after that big rally and that consolidation is breaking on the upside. It is a buying opportunity."
"All of these buying opportunities could also be not just swing trades you could build position in anticipation of the Budget session that is going to come in. Bank of India is a sell, part of the PSU bank lot which I don’t like."
"Voltas and Havells are both buying opportunities. Wipro is now breaking out from a very long trading range. It had a rally and a range, so IT stocks should be considered for trading today on the long side," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
