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Last Updated : Jan 03, 2018 12:54 PM IST | Source: CNBC-TV18

Buy Hindustan Unilever, Mindtree, Sun Pharma; sell Jaiprakash Associates: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hindustan Unilever, Mindtree and Sun Pharma and sell Jaiprakash Associates.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks are doing very well and especially for today when we have a nice rally and a trending day so far. So I am suggesting buying in all my ideas."

"First is Hindustan Unilever (HUL). HUL has been in an uptrend, a small consolidation is breaking on the upside today. It is a worthwhile buy."

"Second is Mindtree. It is part of that midcap IT pack which is doing exceedingly well. So consider buying Mindtree today."

"Third is Sun Pharmaceutical Industries which is bucking the Dr Reddy's trend. It is already in an uptrend. So in Sun Pharma we are simply participating in a momentum that is ongoing. Keep these trades intraday because the market is not giving us a sense of purpose as of now."

"I think near month outlook on L&T Finance Holdings is not bullish because I am not very bullish on the Nifty. So, that applies to most stocks. My suggestion would be that one should sell. All markets correct and the Nifty is due for a correction; we cannot time it, we cannot say when but sell and wait patiently to re-enter at lower levels," he said.

"With some regret I have to say to sell Jaiprakash Associates. This is completely a news driven stock. We don’t know what news will come and how it will impact. Then the stock even at current level because it is news driven carries high risk. Why should an investor or small investor stay in such a stock? Sell and consider other bluechips," he added.
First Published on Jan 3, 2018 12:51 pm
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