SENSEX NIFTY
Feb 23, 2013, 04.23 PM IST | Source: CNBC-TV18

Buy Infosys, Reliance, Bharti for next week: Sukhani

Sudarshan Sukhani of s2analytics.com recommended buying Infosys, Reliance Industries, Bharti and HUL for next wee. He, however, also advised selling Century Textiles and Colgate Palmolive.

Sudarshan Sukhani of s2analytics.com recommended buying Infosys , Reliance Industries , Bharti and HUL for next wee. He, however, also advised selling Century Textiles and Colgate Palmolive .

Sukhani told CNBC-TV18, "As a trader I would be taking light positions next week that is rule number one. In front of a big news event volumes should be reduced but that is a question of tactics. Much more important is that I would be willing to go and buy in this market purely as a short-term trade for next week."

He further added, "My view is that we are in a downtrend and this downtrend will continue till we reach much lower levels. However within that downtrend we will see rallies and next week could see one such rally so I would be a buyer. Again buying should be done only in the blue-chips like Reliance Industries, Bharti Airtel, Hindustan Unilever , Infosys, Wipro and Sun Pharmaceutical Industries ."

"I would be a buyer in Infosys. And there is a small cap stock that we used to track much earlier that is Parsvnath Developers . It has now come out of a very large trading range and it suggests an investment or a position trade buying. However short selling is also important in this market and that would be Century Textiles and Colgate Palmolive (India), both for selling," Sukhani added.

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