Buy Apollo Tyres, Indo Count, Colgate; see higher levels in FMCG; sell Tata Motors DVR: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "All short trades should be intraday, don’t ever carry them. This is not a market where you want to carry a short trade overnight. The midcaps are doing very well and there are so many stocks which are giving us renewed buying opportunities starting with Apollo Tyres. There was a big rally, a consolidation, and what apparently seems to be a willingness to breakout from this consolidation. So, Apollo Tyres is a buy." 

"Indo Count Industries had a bear market and that bear market is behind it. A strong rally, consolidation, again a rally, again a consolidation, this is the classic chart for a bull market stock. That consolidation again should be breaking on the upside. So, whether it is Apollo Tyres, or Indo Count, we are buying, not at the highs, but after a consolidation which is always a good place to be in," he said.

"We have M&M Financial Services which had a mild dip. The charts do suggest that that some kind of a double bottom is in place. It is an iffy chart, but the trade is there. Given the fact that I am not very upbeat on banks today, you have to exercise your judgment on that. However, anyways it is available." 

"Colgate Palmolive has a much better chart, there is no consolidation unfortunately. It is a one-way street up and that is all. However, Colgate does suggest that the FMCG pack is going to see higher levels. So, here is a momentum trade - buy it." 

"Four buying ideas and just to balance it - Tata Motors has been a disappointing chart. I think it is going much lower. I have said that earlier. Tata Motors DVR is the choice instrument to go short in."