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Last Updated : Jan 25, 2018 11:31 AM IST | Source: CNBC-TV18

Buy Cipla, IndusInd Bank, Maruti Suzuki, Apollo Tyres; sell India Cements: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, IndusInd Bank, Maruti Suzuki and Apollo Tyres and can sell India Cements.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is primarily buying. There are two stocks which are giving bullish patterns and willing to breakout."

"Cipla is giving us a bullish head and shoulder and now is on the verge of a breakout. It is swing trade, day trade and of course also a positional trade."

"The second is IndusInd Bank, same pattern a very attractive bullish pattern is now on the verge of completion, so that tells us that midcaps have not at least finished their rallies. A lot of them are giving us bullish patterns, some of them are also becoming bearish, so I guess the markets could be choppy but the buying opportunities exist."

"Maruti Suzuki is a buy, it is in a very narrow tight range and I suspect that the tight range will break on the upside and surprise all of us."

"Apollo Tyres is a buy on dips, this is of course the high risk trade because a dip may or may not have been completed but it is worth taking into," he said.

"One short idea - India Cements. Cement is all over the place. Something has happened to cement. ACC, UltraTech Cement, Shree Cements and now India Cements, all of them are giving signs of weakness. It is a short sell only for intraday."

"There is more upside in Interglobe Aviation, and as an investor or a positional trader you can buy even after the rally."

"Zee Entertainment is already on a breakout and Fortis Healthcare is starting it."
First Published on Jan 25, 2018 11:28 am
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