Moneycontrol
Jan 23, 2017 09:52 AM IST | Source: CNBC-TV18

Buy Ashapura Intimates, Heritage Foods; sell EIL: Sukhani

According to Sudarshan Sukhani of s2analytics.com, one can buy Ashapura Intimates Fashion and Heritage Foods and advises selling Divis Labs and Engineers India.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The markets are expected to be choppy, so there is nothing to buy in the large caps because they are all Index stocks. So, for a change I have three buying ideas in midcaps. This is a year for midcaps. There will be midcaps which will perform very well and almost everywhere you will find buying ideas. My first midcap idea is Ashapura Intimates Fashion. This stock is moving in a trading range for the last two months and it is no the verge of breaking out. I hope above that range that should be fairly rewarded." 

"The second buying idea is Heritage Foods, after a big rally, the stock consolidated and that consolidation is taking the shape of a bullish head and shoulder. Another big move coming and obviously we never say it can't go higher, it does. So, Heritage Foods is the second buy," he said.

"The third is a buy on dips - Jammu & Kashmir Bank, after that big decline in all the banks, the stock went into a trading range at the lower end of that decline. That trading range gives signs of some bullishness, so it is a risk but it is worth buying at the lows, so three midcap ideas all for buying." 

"There are two short sells, very quickly Divis Laboratories which is falling apart again after that big decline and surprisingly Engineers India (EIL) where a visible and distinct beraish pattern in now there. So, these two are in the future & options section, other three are in cash."

"GAIL India and ONGC from the oil & gas sector are buying opportunities for the day, for an intraday trade only on the long side."

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