Sudarshan Sukhani of s2analytics.com is of the view that one may buy BHEL, ICICI Bank and Voltas.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "BHEL went through very bad patch and that patch is now getting over. This stock now bounces every time it sees a decline. So, it is a buying opportunity. For short term traders there is a modest target but I would think that the trend is now finally turning up. So, we should be bullish here generally.”
“The second is also a buying idea and that is ICICI Bank. I have been upbeat on the private sector banks. We have to divide banks in two parts - we must be buyers private sector banks; Axis Bank, ICICI Bank and the best of the lot is HDFC Bank. Today I think ICICI Bank might outperform. So, we should be going long there,” he added.
“One may buy Voltas. It had a correction and that held Rs 100 very successfully. It has been bouncing from Rs 100 all the way up. So, Voltas is now renewing its up move. It is a midcap stock and a favourite of traders. Markets have broken out, so we should be on the long side whether it is in individual stocks or in the Nifty.”