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Buy ACC, Britannia, Dabur, HPCL; sell Indo Count Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC, Britannia Industries, Dabur India and Hindustan Petroleum Corporation and sell Indo Count Industries.

August 16, 2017 / 09:50 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is midcaps and mainly on the buy side, on the long side. So, ACC which has not corrected, that mild dip on ACC was bought on Monday and I think there is a continuation of the up move. ACC is a buying opportunity."

"Britannia Industries which actually on Monday had a highest closing high, not intraday, but at the close it was highest close. So that is lifetime high close and Britannia is part of the favourite FMCG sector. That is a buying opportunity. It is also an opportunity for positional traders, not just a swing trade," he said.

"Then we have Dabur India, the stock is a little volatile, but inspite of the volatility, the stock is finding support after a sharp correction and that justifies attention. It is a buy."

"Finally, Hindustan Petroleum Corporation Limited (HPCL) which has been a buy in my list earlier, a small correction in HPCL is suggesting that higher levels are coming. It is outperforming the market."

"One short sell, Indo Count Industries; it is in the F&O segment. ICL has been falling day-after-day; something to do with cotton prices perhaps, but it is a short sell," he added.

first published: Aug 16, 2017 09:49 am

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