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

Buy Bata India, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India even at current level.

Sudarshan Sukhani of s2analytics.com 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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