Sell Hindalco; buy HDFC: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The markets are mildly on the weaker side and that could continue atleast till tomorrow. We go and sell Aurobindo Pharma. Aurobindo Pharma has completed its bull market from Rs 135 to 220. It has given clear signs of distribution and that process has already started. So, today is just a continuation of the weakness that we are likely to see. So, sell Aurobindo Pharma. Today's weakness should continue not only till 3:30 but also for the next few days.”

“Another short sell in view of the slightly weak market is Hindalco. Hindalco Industries has a very disappointing chart. A large bearish head and shoulder giving us much lower levels. Today is just a part of that down trending process. Larger time frame tells us stock is weak. Today's weakness is visible, go and take advantage of that short sell it,” he added.
“The one stock that I would recommend buying is HDFC. It is bucking the trend today and chances are that any rally in the Nifty will be led by HDFC. It is in a trading range and willing to go higher. It is trading better even today. So, buy HDFC in anticipation that a late hour rally could see it go up.”