Buy Crompton Greaves, Ambuja Cements: Sukhani

Sukhani told CNBC-TV18, “ Voltas seems to have bottomed out at least for now, that’s the sense and my idea is to go long in it at every opportunity. Buy the dips, sell the rallies which essentially means exit and then buy the dips again. It’s a trading stock on the long side now.”

He further added, “The same I cannot say for Crompton Greaves because the chart patterns there do not justify taking a long position or even riding the uptrend, because the uptrend itself is not yet evident. So Voltas is something that we want to go and buy but not Crompton.”

“Cement stocks have been coming in our buy list Ambuja, then ACC. There is more. They have already gone through a decent correction. So a sector that’s not affected primarily by index movements and that sector goes through a correction tells us that at least a bounce is expected and for all we know these can go to their earlier highs also. So cement is a small sector but worth going into. Just stick with the two big names ACC and Ambuja and for somebody who wants to Shree Cement, that’s all don’t go here and there.”