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Dec 07, 2017 10:55 AM IST | Source: CNBC-TV18

Buy Zee Entertainment, PC Jeweller, Nestle India; sell Bharti Infratel, Tata Motors: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Zee Entertainment, PC Jeweller and Nestle India and sell Bharti Infratel and Tata Motors.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Zee Entertainment has broken out of 8 month trading range and in a market where we are seeing some slide in the Nifty, Zee is actually going up. That is a buying opportunity, it is a swing trade. I think it is also positional trade you could actually buy Zee and hold for a few weeks."

"I am fairly upbeat on the market, I think that is coming out easily, so I am a buyer wherever I get an opportunity. PC Jeweller has been a favourite. Between Titan Company and PC Jeweller, I have been liking PC Jeweller because of its charts not anything else and that continues. A small flag is on the verge of breaking on the upside. Again significant highs are coming here in PC Jeweller and that is a buying opportunity."

"Nestle India has been an outperformer in spite of all the news that its gets. It keeps on going up. A small decline and a correction is coming to an end. So, Nestle India is a buy."

"I have two short sells, short sells are only intraday. Bharti Infratel is a short sell. The stock has gone up and come down and literally collapsed."

"Tata Motors is never a favourite for me, it is another short. Keep your short sells only for intraday," he said.

"Jet Airways and Interglobe Aviation (IndiGo) are interesting, but between the two I would prefer IndiGo. There is very decent correction and a small consolidation. So, I think IndiGo has a much better momentum going for it, although both aviation stocks are buys."

"Bata India and Tech Mahindra are both buying opportunities for the day."
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