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Buy Adani Ports, Bharat Forge, Escorts; hold SpiceJet, Tata Power: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports, Bharat Forge and Escorts and hold SpiceJet and Tata Power.

November 21, 2017 / 14:12 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Stocks are offering a lot of opportunities because we are already long or wish to be long in the primary Indices and we are looking at midcaps. Adani Ports is a buying opportunity, a small very brief correction is probably over and that uptrend should resume."

"Bharat Forge has been an outperformer that outperformance continues.

Among the midcaps it is a choice buy you can actually carry this position for a few days if you like."

"Escorts is a buy, after a small correction like the Nifty, the stock is resuming its up move, so be long. Much bigger message is do not short this market."

"I would hold SpiceJet. Be a long term investor, the chances are that SpiceJet’s worst period is already behind it. It has been rallying handsomely and that rally should continue. In the next two-three years you will see very good gains. In airlines it is probably the best stock to be in."

"Long term view is slowly become cheerful on power companies. Many of them are giving a space breakouts, signifying a bull market starting in them. Tata Power luckily is an outperformer. So, the long term view is cheerful. Chances are it will be the best among the power segment, so just hold," he added.

CNBC-TV18
first published: Nov 21, 2017 02:11 pm

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