Feb 16, 2017 11:35 AM IST | Source: CNBC-TV18

Buy Hexaware, Godrej Consumer; sell EIL, Tata Steel: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hexaware Technologies and Godrej Consumer Products and sell Engineers India and Tata Steel.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have been upbeat on IT stocks for some days and that was primarily because of their chart patterns. Hexaware Technologies remains a buying opportunity. Inspite of a gap up, you can consider buying it." 

"Godrej Consumer Products has been rallying. It has been a relentless rally and is being outperforming everything else. So, it is a buy," he said. 

"Inspite of the elevated levels that Ashok Leyland is at, the very fact it is at an elevated level tell us that it is outperforming the broad market." 

"There are two short sells, Engineers India which is going through some kind of a minor correction. It is worth selling into, it is only a correction, no change in the overall trend." 

"Tata Steel which is also a short sell is a correction."

"I don’t think there is any buying opportunities in Tata Motors or the Tata Motors (DVR). The opportunities are elsewhere. I talk about Ashok Leyland as well as Mahindra & Mahindra." 

"Selling in a bull market is always fraught with danger but with that warning both Bharti Airtel and ITC could be available for intraday shorting today."

"Fortis Healthcare is an investment opportunity even at current level. I don’t think there is a trade here, but it is certainly a buy." 

"For an intraday trader, ICICI Bank is short sell for the day. It is just intraday but there is a short."

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