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Buy ACC, BEML, Bajaj Finance, Indraprastha Gas; sell Indo Count Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC, BEML, Bajaj Finance and Indraprastha Gas and sell Indo Count Industries.

August 07, 2017 / 10:27 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "ACC is a buying opportunity, it is a lifetime high and lifetime should always be celebrated.  BEML is almost on a lifetime high and it's a strong stock, outperforming the broader market. So it's on the verge of going into breakouts, 52 week high is worth taking a buy. So ACC and BEML are already on a roll and we are just joining the momentum."

"On the other hand Bajaj Finance has been in a three-four day trading range, very narrow and tight range. In a bull market tight ranges should and will break on the upside. So we are buying in anticipation of an upside breakout. Almost similarly, Indraprastha Gas (IGL) which has been a vast outperformer, is in a range for almost five days, very narrow and tight and expectation is that it will breakout. So, we are buying IGL and Bajaj Finance in anticipation of a breakout," he said.

"Indo Count Industries has been falling day after day relentlessly. It is a short sell. All short selling should be intraday only."

"Two stocks are coming into the radar this morning. One is Marico and second is Havells India and both are for buying."

first published: Aug 7, 2017 09:52 am

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