Buy Raymond , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Raymond went through some kind of a mini bear market when it fell from Rs 400 to sub Rs 300. So we had a very sharp correction in that stock. At Rs 300 there were buyers and now that buying support has shown itself as a trading range and a breakout from a trading range."
He further added, "I think that Raymond is in a long-term bull market and a very sharp correction is a perfect buy on dips opportunity, not just for the day trader, this is a day trade or a swing trade for a couple of days but also for the investor who was waiting for this kind of a dip. So I think Raymond qualifies on both counts."
" Cipla is a confusing stock. Sometimes I think it's better to go long in it and sometimes the chart says no there is now a correction coming. That happens when a stock is doing a very slow steady advance and then retreats back almost immediately. So in that sense it's more of a defensive sell rather than an aggressive short-sell."
"If somebody is having long positions Cipla is a perfect hedge on the short side. If you are looking to sell something or feel bearish about the market or any segment then Cipla just as Hind Unilever was, is now a sell."
Disclosure: I have no personal holding in the above stocks.
