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HomeNewsBusinessBuy BPCL, HPCL, Yes Bank, Colgate Palmolive, Maruti Suzuki; sell Bharti Infratel: Sudarshan Sukhani

Buy BPCL, HPCL, Yes Bank, Colgate Palmolive, Maruti Suzuki; sell Bharti Infratel: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy BPCL, HPCL, Yes Bank, Colgate Palmolive and Maruti Suzuki and can sell Bharti Infratel.

December 18, 2017 / 10:44 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "BPCL is a buying opportunity, it was earlier also and it continues. Something is going on in oil marketing companies. Even Hindustan Petroleum is giving the same bullish patterns, consider buying that."

"Yes Bank has a very attractive pattern, after a big decline it went into a range for one and a half months and is now willing to come out of that range. So, Yes Bank is not just a day trading or a swing buy you could actually build the positional buy also in Yes Bank."

"Colgate Palmolive has been a favourite for me for the last few weeks. It is building a very attractive base. It is eventually breaking out and could also play catch up with Hindustan Unilever and Dabur India. So I would be a buyer here. Again a positional trade is justified."

"Maruti Suzuki is a swing trading buy. It was a lifetime new high on Friday. There would be probably some upswing here, it is a short term trade but it is there."

"Just to balance these four buying opportunities I have Bharti Infratel as short sell, see the charts and you will realise why it is breaking support levels after support levels. But today’s bias should be primarily on the bullish side."

CNBC-TV18
first published: Dec 18, 2017 09:31 am

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