Moneycontrol
you are here: HomeNewsBusiness
May 09, 2017 11:41 AM IST | Source: CNBC-TV18

Buy TCS, HCL Tech, Kotak Bank, REC; sell Vedanta, Zee Entertainment: Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Tata Consultancy Services, HCL Technologies, Kotak Mahindra Bank and Rural Electrification Corporation and advises selling Vedanta and Zee Entertainment Enterprises.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are two themes - IT and financials. The IT theme continues and Tata Consultancy Services (TCS) is a preferred buy but it is not just TCS even HCL Technologies is a buying opportunity. Midcap IT is giving signs of life. So think of this as a theme for the next few days, not just one stock."

"I have Kotak Mahindra Bank and Rural Electrification Corporation (REC) as buying opportunities - after the big rally in public sector undertaking (PSU) banks, I would prefer they consolidate before I enter them. So these are two good quality stocks willing to go higher," he said..

"Two short sells. I am very downbeat on metals and Vedanta has made bearish head and shoulder. It is looking to much lower levels and unfortunately Zee Entertainment Enterprises also has a similar bearish pattern. So, two short sells and three buys."

"Axis Bank is on the verge of breaking from a bullish pattern. Axis Bank and ICICI Bank will outperform. I own equity in ICICI Bank."

Sections
Follow us on
Available On