Sudarshan Sukhani of s2analytics.com suggests, "Wipro is a buying opportunity; the stock has been in a trading range for the last 15 days, almost locked in a very narrow range - that seems to be just like Infosys, that seems to be a possibility of breaking on the upside. It is a short-term trade, all sorts of news will soon start coming in but there is a trade here for a day trader or a swing trader for a couple of days. So consider buying Wipro."
"Mahindra & Mahindra Financial Services is a positional buy. It is also a swing trade. It has been going through a stressed case rally; goes up-pauses, goes up-pauses, there was a minor pause here with a small dip and that seems to be getting over. It should then move towards new highs again. So that is a position you could take and carry for some time or just trade for a couple of days," he said.
Sukhani further added, "I have been bearish on Tata Power earlier but I have also explained how chart patterns morph. The morphing process changes the structure of the pattern from one part to another. It is now morphing into a bullish pattern, a bullish head and shoulder. So at least we will buy it and see whether that works out. It is worth taking the trade on the long side."
"Two short selling ideas - Apollo Hospitals Enterprises making lower highs-lower lows and Bharat Heavy Electricals (BHEL) doing nothing, it is on the verge of breaking down again," he added.
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