Sun Pharma may rally further: Sukhani

Sukhani told CNBC-TV18, "Whether it’s Sun Pharma or in the FMCG group it’s Hindustan Unilever, all of these stocks should be bought into. They don’t have to be bought when there is a run up. These stocks every 3-4 days go through consolidation that is the time you want to go long. I think there is more upside here because this market is willing to pay a significant premium for what it perceives as good quality stocks."

He furhter added, "Public sector banks (PSU) are showing miserable chart patterns including State Bank of India (SBI). But apart from SBI, we have been suggesting going short in PSU banks repeatedly for the last 10 days or so and that has been working out. On the other hand the private sector banks are the exact opposite and all of them have made new highs for this uptrend; Axis Bank, ICICI Bank and HDFC Bank , which have made lifetime news highs. So these are stocks to buy on dips. I do not advocate a pare strategy which means buying private banks and selling PSU Banks there can be any number of other complications. But broadly without linking them the trade is to go short is PSU banks and go long on dips in private banks."