Sudarshan Sukhani, s2analytics.com advice traders to buy Raymonds, SREI Infra and Manappuram on decline as they all look good.
Sukhani told CNBC-TV18, “It is very difficult to buy in a falling market. I would look at the stocks which have proved themselves to be the strongest in this market and they are primarily the three or four IT majors and the top four-five pharma companies. Infosys, Wipro, HCL Tech, TCS, Dr Reddys, Sun Pharma and Aurobindo Pharma.”
He further added, “Cement would be an excellent buying opportunity once this decline ends and the cement stocks themselves complete their correction and the second is the side counters, stocks like Raymonds and Century which are doing exceedingly well otherwise, they would then become buy on a much lower price or even SREI Infra, Manappuram these are the stocks in the midcap sector. Traders should focus more on midcaps. You can get a lot of good bargains. I have named four or five. There would be many more over the next week.”