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Buy Escorts, KPIT Technologies, hold ITC; sell Castrol India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Escorts and KPIT Technologies and can hold ITC while one can sell Castrol India.

February 07, 2018 / 13:22 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are stocks which are doing well. One of them is Escorts. It is flying high even when the broad market was down. Escorts is therefore for the day a buying opportunity."

"The same applies to KPIT Technologies. It is also showing strong intraday momentum. Both are intraday buying opportunities."

"An intraday sell is Castrol India which is weak and making lower highs and lower lows constantly."

"One should hold ITC. The stock is bottoming out; it has built a very large base. So while it will be a market performer, which means that it will not go up if the market is coming down, it is defensive. The next few months could see some correction in the index. So ITC is a good idea to hold on to for the next few months at least. Therefore the suggestion is hold on."

CNBC-TV18
first published: Feb 7, 2018 01:13 pm

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