Buy Exide Industries , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Exide has been on a roll after probably a bear market of its own. For the last three weeks it has been in a trading range. We have seen how stocks that are in trading ranges in the current uptrend, once they breakout, they give those 10-15-20% rallies. I don't know whether Exide will do that because the market itself may become a little mild now but Exide is right for an uptrend, a thrust. So we go and buy Exide, keep a stoploss and hope that like other momentum stocks, this will also fly away."
He further added, " Bank of Baroda is a more sober chart. It has been in a rally, then that small correction and a repeat of that rally. Yesterday it saw new highs in this uptrend and new highs are generally bullish. But of course the Nifty also saw those new highs. But Bank of Baroda is outperforming inside the bank index. So it seems reasonable that yesterday's up thrust will continue to have momentum."
"If the market decides to go choppy or actually decides to fall today, then some of these stocks may or may not work out. But if the environment remains lets say indifferent, the Nifty remains around 5500-5510-5520 then some stocks will go up and Bank of Baroda could be easily one of them."
