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Last Updated : Mar 16, 2017 04:41 PM IST | Source: CNBC-TV18

Buy Hero MotoCorp, Kotak Mahindra Bank, Bharti Infratel, Sobha: Sudarshan Sukhani

Sudarshan Sukhani of recommends buying Hero MotoCorp, Kotak Mahindra Bank, Bharti Infratel, Sobha and Credit Analysis and Research.

Sudarshan Sukhani of told CNBC-TV18, "The stocks are far more interesting, there are three largecaps. Hero MotoCorp has made a very textbook classical ascending triangle and has broken out. The trades should be carried forward rather than just look at intraday because the gap up will eat up a lot of the intraday profits but there is a significant rally coming in, could be possible in Hero MotoCorp. That is a buy."

"Kotak Mahindra Bank was a favourite earlier, it is making these lifetime new highs, crossing levels which it had not seen, again there is a buying opportunity. These are strongly momentum stocks anyway. The third largecap is Bharti Infratel. It had a mini bear market while the markets were relatively cheerful. There is a sense there are some divergences that technical divergences available on the charts suggest that the low is now coming in place. So Infratel is a buying opportunity. It is not a day trade. You want to buy it and hold it for some time but that is where the big money will come," he said.

"There are two midcaps to buy, one is Sobha, it already had a rally, a small correction and after that correction perhaps a resumption of that rally. You have to hold it, it is not in the F&O. A company that never came in my list earlier - Credit Analysis and Research. It has a very attractive chart and had a big rally, like most of the stocks it is consolidating and giving a sense that it is revealing to break out. You have to put money in the market this time to get something out," he added.

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First Published on Mar 16, 2017 09:18 am
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