Oct 18, 2016 09:29 AM IST | Source: CNBC-TV18

Buy Cairn, DHFL; see lower levels in ACC, Jubilant Food: Sukhani

Sudarshan Sukhani, of s2analytics.com is of the view that one can buy Cairn India and DHFL and sees lower levels in ACC and Jubilant Foodworks.

Sudarshan Sukhani, of s2analytics.com told CNBC-TV18, "The stocks are a little unclear. So, three of the stocks remain on the short side and that is only because I do not know which stocks will go up if the market does go up. That is for us to find out today. The stocks on the short side are easy."

"Mindtree has been in a bear market of its own. Cement is now distributing. I do not think there is much more downside. But at least in a choppy day like today, there could be lower levels coming in ACC," he said.

"Jubilant Food which had a small rally, seems like a bear market rally and lower levels should be coming."

"Cairn India is a buy. It has been rallying and that rally should continue. Dewan Housing Finance Corporation (DHFL) has an excellent chart, so even in a choppy market, there are probably higher levels coming."

Sections
Follow us on
Available On