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Buy Divis Laboratories, Hexaware, MRPL; sell Bharti Infratel, Just Dial: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Hexaware Technologies and MRPL and can sell Bharti Infratel and Just Dial.

December 22, 2017 / 10:14 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "While midcaps are flying, I think today will probably be a day of pause everywhere, but we have some opportunities on the long side as well as the short side."

"Divis Laboratories is a buy. After that big gap-up, Divis Lab has been consolidating for the last six weeks and that consolidation is eventually again breaking on the upside. It is a buying opportunity and worth carrying a position over the three day weekend."

"In Hexaware Technologies, where a big run-up led to a consolidation, big expansion than a long consolidation. The consolidation maybe ending in Hexaware again, so it is a buying opportunity. We are also buying at the lower end of a trading range. It is a good place to buy."

"MRPL is also a buy, it is a dip. I am assuming support is coming in MRPL, so this is a buy on support straight."

"Two short sells, Bharti Infratel which is falling day after day and Just Dial where a strong rally seems to have stalled. These trades should be done only intraday."

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"Jubilant Foodworks has a good chart and it is not the end of the rally. I think there is more upside here which means it is an investing idea also a pre-Christmas swing trade if you want to buy it today as well. It is a very nice appropriate stock to sell it," he said.

"I think is far better to wait in Transformers and Rectifiers for a correction. Everything corrects, that is not a stock where any consolidation has happened, so wait," he added.

"Leave the Nifty aside focus on stocks, Apollo Tyres is just breaking from a large bullish pattern and so is Ceat and Bajaj Finserv which after many weeks is coming out and probably going towards new highs. Many midcaps but I have named three of them - Apollo Tyres, Ceat and Bajaj Finserv.

"Just buy and hold Hexaware Tech and the price targets could be very ambitious, don’t make it a day trade, carry it forward."

"Future Consumer is giving such ambitious targets, difficult even to speak about it. I think it should reach Rs 100 - three digit sooner or later."

"HCC has an excellent chart, a much better chart than Reliance Infra. Ignore Reliance Infra and consider buying HCC. In Adani Transmission, maybe you can wait for a consolidation. However, HCC is a buy."
CNBC-TV18
first published: Dec 22, 2017 09:19 am
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