Buy Aksh Optifibre, SML Isuzu, Bata India; sell Tata Motors, Just Dial: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have two smallcap ideas for buying. They are not day trades but they are more upswing or position trades. You buy them, hold them for a few days to a few weeks. The first is Aksh Optifibre. The stock has rallied from Rs 15 to Rs 30. Now we have gone through a correction. At Rs 22, it is possible that the signs are that these corrections are coming to the end. So we are buying at a dip. That is a buying idea."

"The second buy idea is the stock that is at its highs but giving a very attractive buy pattern, that is SML Isuzu. So that is another buying idea. When the markets are doing nothing, it makes sense to look at a different segment which is the smallcap and midcap and we will find many opportunities not just these two," he said.

"The third is F&O favourite, Bata India. Bata is still going in a strong uptrend, so it is still a buy, it is a swing trade even a day trade on the long side."

"Two short sells, one is Tata Motors, the charts are horrible. There is a significant decline coming, I am generally bearish on the auto sector except for Maruti Suzuki. Tata Motors qualifies there also."

"The second short sell is Just Dial. Both are not only intraday shorts, usually you should close your shorts by the end of the day but these two could be carried forward."

"The chart is indicating a lot of strength in ITC. This is very surprising, this stock is so resilient, it never goes down. At this point, purely on the charts, it is a buying opportunity. The news can change anything."