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Last Updated : Jan 09, 2018 02:34 PM IST | Source: CNBC-TV18

Buy Escorts, Indiabulls Housing, NCC, hold SBI; sell Pincon Spirits, Mindtree: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Escorts, Indiabulls Housing and NCC while he advises holding SBI and selling Pincon Spirit and Mindtree.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have three suggestions, all for buying. Escorts is a buy. The stock has been in a tear, it has been going through a strong uptrend, and a small brief consolidation should lead to a renewed advance."

"Indiabulls Housing is also a buy. While housing finance companies are a little mixed because of different reasons, Indiabulls Housing is a buying opportunity because it has already gone through a brief correction. So there are higher levels hopefully coming."

"NCC is a buy. Try to keep these trades intraday because the markets may be getting a little sort of ready for some kind of a consolidation. So, these three buy ideas are for intraday trading."

"Bharti Airtel is in a consolidation. While it has bounced back from the lows, I do not think there is a significant advance coming here. It is probably going to be choppy as it has been earlier."

"Idea Cellular is a complete avoid. I would not go and short sell it, but I would not buy it at all."

"I would recommend taking profits in Pincon Spirits. It is far easier, far better to invest in United Spirits in the same sector. If you have these shares, take profits."

"I would recommend a hold on State Bank of India (SBI). SBI is a long term investment opportunity. Have a long term view, and hold on to it. This is the only PSU bank that is worth holding in an investment portfolio. So, hold and stay with it."

"Exit Mindtree. The stock has already rallied, from the lows it has rallied 50 percent in the last two months. That is as good as it gets. Take your profits and exit," he added.
First Published on Jan 9, 2018 02:27 pm
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