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HomeNewsBusinessBuy Balkrishna Industries, Ajanta Pharma, Dabur India; sell BEML, IDFC Bank: Sudarshan Sukhani

Buy Balkrishna Industries, Ajanta Pharma, Dabur India; sell BEML, IDFC Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Balkrishna Industries, Ajanta Pharma and Dabur India and can sell BEML and IDFC Bank.

December 06, 2017 / 11:11 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Balkrishna Industries has a wonderful chart, it had a lifetime closing high yesterday. So I think it will be in everybody’s list. So, you just buy it don’t worry about minor dips and intraday dips. Hold on for a few days, it is a perfect buying opportunity irrespective of the Nifty."

"Ajanta Pharma is a buy. It had a three months base and then a breakout. A small dip and correction is coming in and that is a re-entry on a dip. That is a buying opportunity."

"Dabur India has been in a trading range for a month. It is showing good signs. Yesterday it was up fairly well, so that range could break on the upside. So Dabur is a buy."

"All buying should be carried forward because I think this market is going to reward buyers."

"Two short sells, BEML is giving very disappointing patterns. It is on the verge of a break from a strong support levels. IDFC Bank is almost similar, there is nothing in it. So short selling should be done only intraday and long positions should be carried forward. One of these days that grand buying opportunity will come and you will have to be ready for that," he added.

"BPCL is a buy where the minor dip I think should be bought into and the other is DLF. This minor dip in DLF today is another opportunity to go long."

CNBC-TV18
first published: Dec 6, 2017 09:24 am

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