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Buy Edelweiss Financial Services, Petronet LNG: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Edelweiss Financial Services and Petronet LNG.

June 07, 2017 / 10:56 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Edelweiss Financial Services is a much better chart for the short-term trader. It is just breaking out from a consolidation. It is a trading opportunity for the day."

"Among the tyre stocks, JK Tyre and Industries has a similar pattern. It has not yet broken out, so there is more steam there as compared to Apollo Tyres or even Ceat," he said.

"Titan Company had a breakout and that breakout is likely to consolidate. The breakout into lifetime new high suggests that it's a buying opportunity, not today but once a process of consolidation starts but we should keep it in our watch list."

"IndusInd Bank is going up. It is much more difficult to get excited about these banks. ICICI Bank is a far better choice."

"GAIL India could have a good day today and together with GAIL you could see some strength in Petronet LNG. It had a good day yesterday. Petronet LNG is also a buying opportunity," he added.

first published: Jun 7, 2017 10:51 am

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