Moneycontrol
Jan 11, 2017 09:59 AM IST | Source: CNBC-TV18

Buy Titan, RIL, India Cements; short Ajanta Pharma: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Titan Company, Reliance Industries and India Cements and short Ajanta Pharma.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The small cap and mid cap sector has come out suddenly at the end of December and is significantly outperforming and actually rewarding and giving profits, that is a theme. So, it is much easier to focus on small caps and mid caps and that is how we start."

"Titan Company had five days of narrow ranges after what is probably a double bottom, there should be an imminent break out. So, consider buying that. Siemens is part of that infrastructure theme, here also three day trading range and the stock is on the verge of breaking on the upside. Then we have that old favourite - Reliance Industries, it never cross that threshold but maybe it will the charts are fairly bullish. I would be a buyer in Reliance in anticipation of an upmove sooner or later. It is a swing trade but it is worth investing. That Rs 1,100 -1,150 threshold, whenever it has crossed will give a big move just Hindustan Unilever when it crossed Rs 300 many years ago," he said.

"Finally India Cements is a buying opportunity, this stock has been rallying. All cement stocks are rallying, India Cements is just the stock of choice for the day. Ajanta Pharma is a short sell if you see the charts, it is making lower highs lower lows consistently and pharma is all over the place. Pharma is not a buy, wherever possible this sector is a short."

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com

Sections
Follow us on
Available On