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Buy Bajaj Auto, Biocon; sell Canara Bank, Chennai Petro: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bajaj Auto and Biocon and can sell Canara Bank and Chennai Petro.

February 02, 2018 / 11:41 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are buying and selling, Bajaj Auto is a buying opportunity. This stock broke out yesterday and that should continue today irrespective of the gap-down. That is a buy."

"Biocon is a buy, again a stock that has been consolidating and now willing to go higher. I think there will be stocks that will outperform the Nifty even if the Nifty where to fall further from here."

"There are short selling ideas which should be taken intraday. Canara Bank, all PSU banks again can be shorted, really there is much more downside here."

"Chennai Petro which is in the F&O segment is giving the sense of a significant breakdown and that is a short."

"LIC Housing Finance which falls every day, lower-highs lower -lows consistently is a shorting idea. But, we must remember that after a gap-down, short sell should be done with a little caution."

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"There are two buying opportunities, Bata India and Hero MotoCorp. Take advantage of the dip and consider buying them," he added.
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