Buy Equitas Holdings, SBI, Indiabulls Real Estate, Bharat Forge; sell TCS: Sukhani
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Equitas Holdings, SBI, Indiabulls Real Estate and Bharat Forge and sell TCS.
April 12, 2017 / 10:13 IST
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have heard that microfinance companies have gone – that is not true, and they are dead – I think that is probably not going to work out. Equitas Holdings after a deep correction, and that is happening to all the microfinance companies or the small banks as they may be now, except for Bharat Financial, Equitas is now giving a sense that the decline is over. It is a high risk trade because we are buying almost at what could be a dip. If it works out, it is a very large reward. So, Equitas is a buying opportunity." "After a four day correction, State Bank of India (SBI) crossed that correction level and said okay I am willing to go higher. So, SBI among the banks is a buy independent of the fact that the Nifty Bank is also buy. It comes very rarely that individual banks can be bought while the index can also be bought"," he said."Indiabulls Real Estate which is part of the larger financing group or associated with finance, real estate stocks are giving the sense that a big move is coming. It is very difficult to understand why, but whatever it is, whether it is DLF or whether it is Indiabulls Real Estate, both are giving the same sense. It is a short-term buy, it is also a trade where you can simply go and invest." "Bharat Forge is a buying opportunity. It is already in a strong uptrend, a small consolidation and a renewal of buying." "Just to wind it up, Tata Consultancy Services (TCS) is an intraday short. The word is intraday. I have been saying don’t carry short positions overnight. For today, it could be sold."
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