Sell Hexaware; buy Adani Ports, Indiabulls Housing: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are two things that are developing on the bearish side which has been going on. One is pharma and the other is IT. Unfortunately, both of them suggest that lower levels are coming. So, Hexaware Technologies is a short sell coming from the IT pack and Divis Labs after that big decline did not rally back. That decline continues.""Divis Lab is another short sell and the sectors themselves are in some trouble inspite of all the good news we have had in the Budget," he said."There are buying opportunities, the opportunities are focused on stocks that haven’t broken out of consolidations yet. They can do so. So we have Adani Ports where a consolidation is on the verge of a break out. Similarly, Indiabulls Housing Finance which did not do a runaway rally yesterday but is on the verge of doing that and BHEL – all three buying ideas.""It is much better to focus on stocks that have not yet gone to had large expansions and not broken far away. So, these are consolidating stocks and much better to look at."