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Buy Cadila Health, JSW Steel, Kajaria Ceramics, HUL; sell BHEL: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Cadila Healthcare, JSW Steel, Kajaria Ceramics and Hindustan Unilever and advises selling Bharat Heavy Electricals.

July 17, 2017 / 10:45 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Cadila Healthcare is a buying opportunity. There is a trading range and that trading range broke in Friday suggesting that there is more upside. JSW Steel has been on a roll. It has been a strong stock. There was a mild four day correction in JSW Steel and that correction seems to be getting over. So this is a buy on dips or a renewed buying opportunity."

"Manappuram Finance has just broken out of a large trading range. It's an impressive breakout. Unless something untoward happens, there is more upside here," he said.

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"Kajaria Ceramics is for buying. It was added to the Futures and Options (F&O) segment a few weeks ago and since then there is strong upside momentum. I am very upbeat on fast moving consumer goods (FMCG) stocks and even at Rs 1,200 Hindustan Unilever has far more legs than we imagine. So a lot of these stocks will go higher."
"For a day-to-day trader it may not work out but I have four buy ideas in the midcaps for different reasons I have explained and a short sell which is Bharat Heavy Electricals (BHEL). It has a disappointing chart. You could take it as a hedge."

first published: Jul 17, 2017 10:17 am

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