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Last Updated : Jan 04, 2018 10:47 AM IST | Source: CNBC-TV18

Buy Divis Laboratories, Ceat, DLF; sell Kaveri Seed, PNB: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Ceat and DLF and sell Kaveri Seed and PNB.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is not a good day to trade which means there are hardly any stocks worthwhile but we still have some buying ideas. Divis Laboratories where a strong rally is ongoing could be a buy opportunity, so that is a buy for the day."

"Ceat had a bullish head and shoulder breakout and that is probably an outperforming stock. A small correction there tells us we can re-enter, it is essentially a buy on dips."

"DLF has been in a strong rally. That rally could continue, at least for the intraday trader there may be some money in these three stocks on the long side, don’t carry any positions," he said.

"Kaveri Seed is a short sell, the stock is in a trading range and it is now again heading towards the lower end of the range and. My favourite sector from there Punjab National Bank is a short sell today. All PSU banks have given up the gains that they notched on that one day and now they are likely to go lower," he added.
First Published on Jan 4, 2018 09:24 am
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