Buy Aban Offshore at current levels, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "We know stocks that fell 60% and then fell 60% more. So clearly this is not a good time to buy anything for the medium-term except for the blue chips which can be purchased for an investment portfolio."
He further added, "I would not suggest Aban Offshore as a buying opportunity for the medium-term. It is suggesting that the worst seems to be over, but we have seen how these stocks have turned turtle and then again began another leg of the down move. So what we were doing is we are taking a probing trade, we are saying okay, this looks like a buying opportunity. Today seems to be a good idea to buy Aban. Take a small modest target of Rs 354. It was Rs 1,000 just a few months ago. But for the intermediate term it's better to wait."
" Divis Labs is a stock you really want to buy no matter what the Nifty does. It's true that if the Nifty were to fall you can buy it at a lower price which means you can buy it at a, I don't want to use the word cheaper price, but you can probably buy it at a more favorable price. But beyond that Divi's Lab at Rs 780 is ready to break out and begin a new bull market of its own. You want to track it and you want to go long in it."
Disclosure: I have no investment in any of the stocks discussed.
