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Buy Aditya Birla Nuvo, Adani Ports, Rural Electrification Corporation; sell Mahindra and Mahindra, Apollo Hospitals: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Aditya Birla Nuvo, Adani Ports and Rural Electrification Corporation and sell Mahindra and Mahindra and Apollo Hospitals.

April 20, 2017 / 10:11 AM IST

Sudarshan Sukhani of told CNBC-TV18, "Aditya Birla Nuvo is in a trading range after a big rally. That range should resolve itself on the upside because it is the sister company. Grasim Industries is also giving us a similar pattern. So, Aditya Birla Nuvo is a buying opportunity and so is Adani Ports."

"We had that big decline on the back of Adani Power’s news, Supreme Court judgement, etc. That decline stopped right at support levels. So, we are buying at support for Adani Port's. It is a buying opportunity," he added.

"The same story is for Rural Electrification Corporation (REC), that decline because PSUs were being offloaded and that stopped at some kind of a support level. So, REC is also a buy. There is a theme building up in REC and a lot more rallies could come. You could hold it as an investing idea also."

"Two short sells, Mahindra and Mahindra (M&M) which is not doing anything. I have no idea why it is not doing anything, but it is a very poor chart. Lower levels are coming."

"A favourite short is Apollo Hospitals. The stock keeps on breaking down, perhaps somewhere it will stop, but not now."
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