Jan 12, 2017 10:57 AM IST | Source: CNBC-TV18

Buy Bata India, advises Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Bata India even at current level.

Sudarshan Sukhani of told CNBC-TV18, "If you see Yes Bank's charts, for four days it has given a spectacular performance. It would require a lot more effort to move from here. So, my sense is, this and other good quality bank stocks are likely to become choppy now. At current level, for a day trader or a swing trader, it is not a buy." 

"We should sell pharmaceutical names, which means go short even at the open, even with gap downs. The chances are there is a trend trade here for the next few days on the downside," he said. 

"It makes a lot of sense to buy Bata India. The only difference is that you want now to keep it as a position for a few weeks, maybe just till the Budget - just before the Budget. However, even at current level, it is worth buying."
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