According to Sudarshan Sukhani of s2analytics.com one must avoid trading the banks and the Bank Nifty today if it is choppy. It is better to trade individual bank stocks than the Bank Nifty, he adds.
Sudarshan Sukhani of s2analytics.com believes the short-term trend for the market is still down and yesterday's rally in the market was only a relief rally. He says till the Nifty crosses 8450 levels, he would be a short seller in any rallies.
According to him one must avoid trading the banks and the Bank Nifty today if it is choppy. It is better to trade individual bank stocks than the Bank Nifty, he adds.
He is bullish on IndusInd Bank because of its out performance and is also upbeat on Wockhardt and expects more upside for the stock. Both have been a trading range which is likely to resolve on the upside, he adds.
One can also look at buying Reliance Capital because the charts look good and the bear market in it seems to be getting over. It could break on the upside but with a strict stop loss, says Sukhani.
TVS Motor already had a deep correction and is now moving up, so is a good trade for the day, says Sukhani.
According to him Idea Cellular is a positional short since it has already made large topping pattern.
For SKS Microfinance is hold for long-term investors and a buy on dip stock.
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