Buy HUL, says Sudarshan Sukhani

Sukhani told CNBC-TV18, " HCL Tech is one of the better performers in the four larger IT companies. It has moved up 10% which is okay. The bigger issue is that it has just crossed the Rs 520 threshold that was Rs 500-520 was a very big resistance for HCL Tech, it wasn’t able to cross that. That it has done."

He further added, "It also appears that the CNX IT is bottoming out at least in the short-term and there is a sense that apart from Wipro, which is an underperformer, the other 3 stocks TCS, Infosys and HCL Tech would do well. Today HCL Tech’s breakout tells us that we will expect some follow-through. See this market is following after a breakout. It doesn’t go back. We saw the Nifty breakout and then add 100 points. That should happen to most other stocks."

"Hindustan Unilever (HUL) has been a favorite. After a big gain on the back of news, in all fairness it had to, it is taking a period of rest. Yesterdays small narrow range bar on the back of big gains in the Nifty tells us that HUL is now willing and ready to participate in the rally again. I would be a buyer in it and if it does breakout, there should be no hurry in exiting. It should go much more than we imagine."