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Buy Godrej Industries, Equitas, GMR Infra, PC Jeweller; sell Interglobe Aviation: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Industries, Equitas Holding, GMR Infrastructure and PC Jeweller and can sell Interglobe Aviation.

November 28, 2017 / 10:53 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Godrej Industries had a deep correction and that correction is getting over. This market is given us rotation repeatedly. Stocks that have corrected are now building bases and are going up. Stocks that have gone up have a pause. So, there is always an opportunity."

"Just as NBFCs are now probably completing whatever decline they had, so Godrej Industries is a buying opportunity which has a very attractive bullish head & shoulder."

"Equitas Holding has been a very dull stock, but a similar head and shoulder is coming, a bullish one. It is not confirmed, we are still buying in anticipation, and we are buying because similar basing patterns are available in all the NBFCs now. So, apparently something is going on and we want to buy it now itself."

"The third buy is GMR Infrastructure, it is not usually a favourite for me but a very large bullish pattern is now in the process of completing itself. It is not in the future and options (F&O). You have to pay cash to buy it which is good which means you can’t over trade. However, it is worth buying and holding. I have a target but the target would easily be exceeded if it starts moving up."

"PC Jeweller was at life time new highs yesterday that also in the process broke a 3-month range, there is more upside here. I am more upbeat on PC Jeweller as a comparison to Titan Company."

Close

"Just to balance it Interglobe Aviation is a short sell. Short selling should be done only intraday," he added.

"There are two stocks that are looking interesting for the day, Century Textiles where a rally that started is ongoing and Petronet LNG where again a small corrections seems to be over."

"Transport Corporation is at Rs 315-320, there is a target of Rs 360-365. There is a lot of head rooms."

"Speciality Restaurants was in a range, it has now simply gone back. I don’t think you want to touch it till it goes into a hurdle, till it goes into a consolidation. Just avoid it."
CNBC-TV18
first published: Nov 28, 2017 10:05 am
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