Sell Canara Bank; buy Himatsingka Seide, Dr Reddy's: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "PSU banks are going to break down, large distribution patterns are visible on almost all the PSU bank charts. So, go short in Canara Bank." "Tata Motors DVR was much weaker than the Tata Motors stock. So, Tata Motors DVR is a short sell. Indiabulls Real Estate is also a short sell; all real estate companies are now breaking down in the F&O segment, you can chose any one, this is an easy one," he said. "There is a buying opportunity which is a positional trade, Himatsingka Seide. It is now making new highs in this downtrend and that is always a good reason to buy it. It is a positional buy, not necessarily a day trade." "If Dr Reddy's Labs has gone through a one day deep correction, it becomes a buying opportunity. It is possible that it could go very much against what the market is going to do. There are two buy ideas. Mainly this market is available for short selling."