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Last Updated : Jan 23, 2018 01:47 PM IST | Source: CNBC-TV18

Buy Cipla, DLF, Sun TV Network, ITC; exit Apex Frozen Foods: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Cipla, DLF, Sun TV Network and ITC and exit Apex Frozen Foods.

CNBC TV18 @moneycontrolcom

Sudarshan Sukhani of told CNBC-TV18, "This market is roaring away. You could really buy a lot of stocks. So, we just start with Cipla. The stock is already in an uptrend, and is showing reasonable momentum today. So consider buying it."

"DLF has been in a strong up move and had a mild correction, more of a bull flag, a small decline. That decline seems to be coming to an end. So, buy DLF also because real estate is now finally coming out of that immense bear market it was in. So, the sector is also supporting DLF."

"Sun TV Network which was in a trading range, and that trading range apparently is now breaking on the upside. The bigger message is do not try to call a top to this market, we just go with the momentum and stay long."

"Apex Frozen Foods is not a stock I track regularly, but the charts as we see tell us that one should exit. Sell the stock, shift to bluechips; we talk about bluechips so many times, and there are many opportunities – go to private banks, go to Reliance Industries, go to IT, but Apex is not giving a sense of momentum; exit it."

"ITC is a good buy. It has gone through a mini bear market of its own, and that is coming to an end. So inspite of the fact that the Nifty is at lifetime new highs, ITC probably has a lot of catching up to do. If you are a long term investor, or even a positional trader with a view for one year, buy ITC at current level," he said..

"Inspite of the fact that Hindalco Industries has rallied a lot, I think Vedanta has the best setup if you are looking for a trade that is more than one day. In the steel pack, Tata Steel is still the easiest trade."

"I am cautious on public sector banks for a long time. So that sub-sector is something I am cautious on. Otherwise, among the largecap sectors, whether it is petrochemicals, private banks, IT, or pharmaceutical, I am fairly up beat,"  he added.
First Published on Jan 23, 2018 01:47 pm
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