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Last Updated : Jan 04, 2018 12:56 PM IST | Source: CNBC-TV18

Buy Asian Paints, Coal India, Escorts; hold SBI, Mindtree: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Asian Paints, Coal India and Escorts and can hold State Bank of India and Mindtree.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There is nothing at all in the PSU banking space; in fact if it rallies, then they would become short sells at higher levels; not today necessarily, but that is the only trade that would open up."

"Canara Bank is a short, even Punjab National Bank (PNB) on a rally would be a short. I am not talking about today because the news has not come out yet, but maybe today, maybe tomorrow, they are sell on rallies."

"Given the fact that we are still choppy in a trading range, there are buying opportunities. Asian Paints is a buy. Inspite of the crude rise, the stock itself is now rallying from a fairly decent decline. This is a buy on dips opportunity."

"Coal India is also a buy. This is a stock that had a big bear market, at least it is showing a relief rally. So, for intraday traders, there is a buying opportunity," he added.

"Escorts had a small consolidation and that consolidation is breaking on the upside. So we have three buying ideas but they are all intraday; don’t carry them."

"I think you should hold State Bank of India (SBI) as a long term investor. I don’t have a short term view on SBI, but as a long term investor, hold on to it."

"The worst is behind Mindtree and midcap IT stocks are doing very well. So wait patiently. So as of now, as a long term trade, hold on to it," he added.
First Published on Jan 4, 2018 12:48 pm
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