Avoid sugar stocks, see gains from India Cements, ACC, Ambuja Cements: Sudarshan Sukhani

Name: Avoid sugar stocks, see gains from India Cements, ACC, Ambuja Cements: Sudarshan Sukhani
Uploaded: 2017-04-03T10:54:23+05:30
Description: Sudarshan Sukhani of s2analytics.com is of the view that India Cements, ACC and Ambuja Cements will provide gains while sugar stocks can be avoided.

Sudarshan Sukhani of s2analytics.com is of the view that India Cements, ACC and Ambuja Cements will provide gains while sugar stocks can be avoided.

April 03, 2017 / 11:09 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sugar stocks are already breaking down. I think they are best avoided."

"For the next two to three days, cement is probably going to do much better because ACC and Ambuja Cements have attractive chart patterns and India Cements is on the verge of a breakout on the upside. If the pre-open is valid, then the breakout is occurring. So, India Cements has the highest potential for gains, but ACC and Ambuja can join in," he said.

first published: Apr 3, 2017 10:54 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347