Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "This is a messy market. A market that was supposed to go up, actually fell down, and that creates confusion. So, the story in midcaps which kept on coming, buy this midcap and it goes up, that story has also dissipated at least for the next few days."
"Balkrishna Industries continues to be a buying opportunity. The stock had a handsome rally, a trading range development, and then an imminent breakout on the upside from the range; that is a buy."
"The other two are short sells. Both short sells are only for the day. Bharat Forge is a short sell, it is clearly facing resistance at higher levels and Tata Motors is a short. Tata Motors did not go to any higher levels. It is at low levels and willing to go lower. So this is not a good market to be long in, not a good market to be short in, best avoided."
"Sell Hindalco Industries. Metals are going through a mild correction and metals are a very volatile sector. That correction can easily be enhanced or be more on the downside. There will be many opportunities to re-enter."
"Hold Hero MotoCorp at the current level. The stock is an outperformer and even outperformers go through some patches when they are doing nothing. That patch is probably over for Hero MotoCorp. In the next few years it should do even better, just hold on to it," he added.
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