Sudarshan Sukhani of s2analytics.com said, "It is only midcaps because apart from the Nifty, there could be a lot of choppiness in largecap stocks and there is no real view. Midcaps are still offering opportunities, surprisingly also on the buy side."

"So starting with Tata Elxsi, it had a big run up, it has been in a trading range for two days, narrow ranges in side day bars and that could break on the upside. It is a very attractive buying idea. So Tata Elxsi is the first buy."

"Apollo Tyres, we all know how it has been running up, pausing, and then resuming its run up. So Apollo Tyres after a pause is likely to resume its up move. It had a good day yesterday."

"Finally, Muthoot Finance. It is in the F&O segment now and Muthoot Finance does suggest it could outperform the other NBFCs. So, three buy ideas," he said.

"Two very easy to say short selling concepts. One is GAIL India, it makes lower lows, lower highs and does not sustain the intraday rallies also. It is still a short sell."

"Castrol India unfortunately has been a favourite for me on the long side but now it is giving a sign of a large distribution. So, it is really a positional sell also."

Also Read: 

Sensex hike by 160 pts on reforms, Nifty too go higher by 47.10 points

NEC's facial recognition system installed at Lotte World Tower

Veterinary Officer Job vacancy in ARUNACHAL PRADESH PUBLIC SERVICE COMMISSION