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Buy Adani Ports, Britannia Industries; sell Amara Raja Batteries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com advises buying Adani Ports and Britannia Industries while one can sell Amara Raja Batteries.

July 04, 2017 / 03:03 PM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Stocks will do their own things and midcaps are still offering some opportunities. So, I have Adani Ports as a buying idea. The stock has been an outperformer and in a choppy market it gives you something. Don’t expect large gains today. So, take whatever the market gives you; be very modest in your anticipation for the day at least."

"I have also another buy, Britannia Industries which is not only a day trade, you can buy it for a positional trade. Carry it for a few weeks. All FMCG stocks have very attractive charts."

"There is a short sell in Amara Raja Batteries. There was a sharp rally two months ago, that rally did not sustain. The stock has been making lower highs, lower lows, it is probably entering some kind of a mini bear market," he said.

"Lupin has been in a bear market like many of the other pharmaceutical stocks. In the next 6-12 months I think this bear market will end and the stocks will start building a base, essentially some accumulation will occur. So, now is not the time to sell, it is already too late. I think one should now hold on, just think that he is part of the accumulation process. In the next 6-12 months nothing much will happen with stock prices but beyond that I can visualise a new bull market. Stay with the stock."

"Since yesterday morning everyone wants to invest in ITC. I think one should. First, it is part of the FMCG group, I am not big fan of cigarettes, so, I don’t like the company for a very personal reason, but the share prices are attractive. The charts are giving us lifetime new highs, and I think higher levels will come. ITC independently should see decent run up in the next few years. It is a valid investing idea," he added.
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