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Buy Divis Labs, Bajaj Auto, Tata Chemicals, V-Guard Industries; sell Chennai Petroleum: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Divis Laboratories, Bajaj Auto, Tata Chemicals and V-Guard Industries and can sell Chennai Petroleum.

November 21, 2017 / 10:37 AM IST

Sudarshan Sukhani of told CNBC-TV18, "Divis Laboratories is a part of the pharma sector which is bottoming out and it is beginning a new bull market. The best opportunities are going to keep on coming here in this sector. Divis is a buy."

"Bajaj Auto has been in a trading range for almost a month after a big rally. That trading range should get resolved on the upside which means another big rally could be in the offing, so you really want to buy this stock and hold it for some time, not just a swing trade," he said.

"Tata Chemicals had a big day yesterday, it is a breakout from a small flag and that tells us significantly higher levels are coming. It is again a positional trade which is justified here."

"V-Guard Industries is breaking out of a small trading range, this is a momentum stock. Take a swing trade and don’t overstay and welcome but the trade is there."

"A short sell on Chennai Petroleum which is having a fairly large distribution, something is going on there but that could be considered as a short," he added.


"There is more upside in Tata Global Beverage, but this is not a trading stock. You really want to buy it and hold it for some time, may be a few months."

"Vedanta from the metals pack and Bajaj Finance from the NBFCs are on my radar. Both are long calls, no shorting in them."

"For Kajaria Ceramics there is nothing but Oberoi Realty from the realty space has a very attractive chart and is showing momentum today. That is a buying opportunity."
first published: Nov 21, 2017 09:17 am
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