Jan 10, 2017 09:47 AM IST | Source: CNBC-TV18

Buy Maruti, IGL, BHEL; sell Kaveri Seed: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Maruti Suzuki, IGL and BHEL and sell Kaveri Seed Company.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The Nifty is in a trading range but stocks are still giving a bullish bias, all these changes so rapidly, difficult to say. Maruti Suzuki is a buying opportunity because every time the stock goes up and we challenge it and say how can it go higher, it goes higher. So, there is no need to challenge that thought, that rally. I am a willing to be a buyer in Maruti."

"Indraprastha Gas (IGL) had a correction for three days; now it has been in a roaring uptrend. Three days of correction is an excellent opportunity to buy on dips," he said. 

"BHEL has been an outperformer for the last few days. For four days it has stood still at the same level. It is quite possible that and willing to go higher and break out rather easily, so it is a buy." 

"CESC has been on uptrend after a big decline. It has made a bullish head and shoulder. It is rallying, so there is midcap which has a pattern to support it." 

"The sole short sell is Kaveri Seed Company; it has nothing to comment for itself and has been in a downtrend and that downtrend persists."

Sections
Follow us on
Available On