Sukhani told CNBC-TV18, "I would buy BHEL because this has been a consistent uptrend then it saw a three day correction and that correction ended on Friday. So good stocks primarily correct for two days, three days, this one did it for three days. After that we have to assume that the uptrend is going to resume again. There is that usual caveat."
He further added, "If the Nifty chops around then BHEL should be one of the outperformer, but if the Nifty suddenly decides to fall then quite apparently all Nifty heavyweights will participate in that decline. But if there is a choppy market, if there is a trading range, then stocks like BHEL should do pretty well today."
" Mcleod Russel keeps on making new lows. Again it's at a new low. The chances are that it's beginning a bear market and then I will have to see what is going on in the tea business as such. But for Mcleod Russel the signs are very ominous, not good at all. Difficult to say what's going on, but it's going to go lower than Rs 150-140 and probably much lower. It's a short-sell every opportunity."
