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Buy Ashok Leyland, Biocon, Hindalco Industries; sell Castrol India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Biocon and Hindalco Industries and sell Castrol India.

September 18, 2017 / 10:23 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Castrol India is a selling opportunity. The stock has done nothing. It is on the verge of another lower low. Interglobe Aviation surprisingly is making a bearish head and shoulder and thus probably a positional short but of course the focus should be on the long side. Primarily the focus should be on the indices."

"We have three buys ideas - Ashok Leyland, the new highs are imminent. Biocon is now building a base and coming out of a mini bear market. It is a positional buy. It is a swing trading buy. Hindalco Industries had a three day correction, almost similar to the Nifty. It is coming out of that correction and is an outperformer," he said.

first published: Sep 18, 2017 09:13 am

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