Buy Voltas, IGL; sell Mahindra & Mahindra: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Voltas and Indraprastha Gas and advises selling Mahindra & Mahindra.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Stocks Views

Oct 19, 2016, 02.43 PM | Source: CNBC-TV18

Buy Voltas, IGL; sell Mahindra & Mahindra: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Voltas and Indraprastha Gas and advises selling Mahindra & Mahindra.

Like this story, share it with millions of investors on M3

Buy Voltas, IGL; sell Mahindra & Mahindra: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Voltas and Indraprastha Gas and advises selling Mahindra & Mahindra.

Post Your Comments

Share Cancel

Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Voltas is a buying opportunity. This stock has been in a consistent uptrend and that uptrend continues today also."

" Indraprastha Gas (IGL) has been an outperformer. There is only one way, it keeps on consolidating and going up. There is an upmove today after a consolidation. That should take it further, enough for a swing trader or a day trader," he said.

" Mahindra & Mahindra (M&M) is a short sell. It has been a clear underperformer in auto pack and against the Nifty. That weakness continues today. So it is a short selling idea."

"I have not been upbeat on  ITC . The charts are suggesting that at best it will be an underperformer which means if the Nifty goes up 10 percent, maybe it will go up 5 percent. At worst, it will fall in spite of a rally in the Nifty. So in either case, ITC is not a buying opportunity. Savvy option sellers could sell options and then make premiums but as an investor, don’t touch it."

" ICICI Bank  after that big move is going sideways for many days. Once we get a sense that the sideways move is ending, we should go and buy it again. Generally I am upbeat on markets, but this won't be an easy upmove. The easy part was done yesterday, it will be very choppy. So there will be dips and those dips should be used to buy, not today."

" GAIL India has been going up. You look at the charts, for the last seven days, it has been flying. Now it is possible that it can keep on flying like this but for traders, it becomes difficult to enter. The stock is an excellent buy, just wait for a consolidation. Luckily, BHEL has just started its run up yesterday. So there is a buying opportunity today for anyone who is looking at a 3-6 months time horizon. You can very happily buy BHEL and buy GAIL on a consolidation."
Buy, Hold, Sell ? Hear it first on M3
Buy Voltas, IGL; sell Mahindra & Mahindra: Sudarshan Sukhani

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login