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Last Updated : Jan 22, 2018 10:47 AM IST | Source: CNBC-TV18

Buy HCL Tech, Kotak Mahindra Bank, Jubilant Foodworks; sell Kaveri Seed, Can Fin Homes: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy HCL Tech, Kotak Mahindra Bank and Jubilant Foodworks and can sell Kaveri Seed and Can Fin Homes.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "A choppy day also gives intraday opportunities on the short side. HCL Tech is a buying opportunity. This stock is already at new highs for this rally and the sense is that it is breaking out again from a larger consolidation. It is a buy not just for the day also for a longer period of time."

"Kotak Mahindra Bank is a buying opportunity, for a much you make it an investment idea. It is probably going to life time highs very soon, so a very attractive bullish pattern is now complete. Kotak Mahindra is a buy."

"Jubilant Foodworks which is already on a roll made lifetime new highs on Friday, big white bar on the upside should see follow through, it is a short term trade, consider buying it," he said.

"Two quick short sells - Kaveri Seed is on the verge of breaking a strong support level. It is in a bear market anyway and Can Fin Homes which was one of these stars of the yesteryears but it is now going through a deep correction. These two short sells are only for the day trades," he added.

"ONGC is an investment buying opportunity. I don’t think there is anything to do today but Kotak Bank and United Spirits are two buying ideas for the day."
First Published on Jan 22, 2018 10:27 am
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