LIC Housing Finance looks weak; buy Biocon, ONGC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "LIC Housing Finance is weak as compared to Dewan Housing Finance Corporation (DHFL). LIC Housing is a positional short. If there is a minor rally, consider buying Put options for October in LIC Housing and stay with it."

He further added, "Rural Electrification Corporation (REC) is an avoid. Reliance Capital is avoid, we only want to go short in Reliance Capital. DHFL is relatively stronger financial, so it is possible to go long in it as an intraday trade and manage trade accordingly."

"Two stocks that come in mind for buying are Biocon and Oil and Natural Gas Corporation (ONGC). A significantly better trading could be done here," he said.