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Last Updated : Jan 23, 2018 11:24 AM IST | Source: CNBC-TV18

Buy Bharat Forge, Infosys, M&M Financial Services, Marico, Asian Paints; sell Dalmia Bharat: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Forge, Infosys, M&M Financial Services, Marico and Asian Paints and can sell Dalmia Bharat.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Forge is a buying opportunity. This stock has been an outperformer. It is in a trading range and this range is likely to break on the upside."

"Infosys is a buy today and IT is coming in all our list everyday - some stock or the other on the large caps. Infosys is a buying opportunity, a four day trading range could again break on the upside which is why I am saying that we do not have to call a top in the market, there are lot of stocks that are willing to go higher."

"M&M Financial Services has been an outperformer in the NBFC space. While NBFCs were falling M&M Finance was steadily going up. It has been just locked in a consolidation for two weeks, another breakout is expected on the upside."

"I have Marico on the long side where we are buying on dip. Marico has done nothing, so this is anticipation that it will play catch up."

"Short sell is Dalmia Bharat, surprisingly this stock which is in F&O now has made a bearish head and shoulder in this market. It is a day trade on the short side," he siad.

"Even at current level, Asian Paints is a buying opportunity. If it falls today somebody who is willing to buy should buy it. It will remain an outperformer. The period of consolidation will get over, so it is a good time to go long."

"Indiabulls Housing Finance has now come out of that correction and it is a buy, lot of good stocks are now willing to go higher. Kotak Mahindra Bank which was in my buy list yesterday had a big rally and that continues. I think today also it will give us opportunities," he added.
First Published on Jan 23, 2018 10:48 am
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