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Buy HPCL, Sun TV Network, Tata Consultancy Services, Bata India; sell Canara Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy HPCL, Sun TV Network, Tata Consultancy Services and Bata India and can sell Canara Bank.

December 14, 2017 / 11:52 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am mainly looking to buy stocks because I am assuming that something good will come out tomorrow and it may not, it is a 50-50 chance. Hindustan Petroleum (HPCL) is a buying opportunity in spite of all the news about crude. The stock chart is suggesting that there is a double bottom in place and a rally can come from here. That is a buy."

"Sun TV Network is a buy. If you are a positional trader, you could be looking at an ambitious target of Rs 1,100 plus. So there is a significant upside which is just beginning in Sun TV. Apart from the day trade or a swing trade, there is much more here."

"Tata Consultancy Services (TCS) has been going through a deep correction, and that correction has come to strong support level. So we are buying on a dip, there is no breakout yet, but we are anticipating a breakout. That is a buy," he added.

"My favourite Bata India, has been correcting. This is also a buy, the range is narrowing and that tells us that the declines are probably the last now. So the stock is a buying opportunity."

"In all the trades, keep a stop loss because markets can be volatile; we do not want to get caught. However, I would prefer to be on the buy side."

Close

"Just to add to PSU banks, Canara Bank is a short sell. PSU banks are heading lower, so the Nifty Bank should be avoided, but I would still be long in the Nifty," he said.

"I like the FMCG names - Hindustan Unilever (HUL), Dabur and Nestle. These three names are worth looking at and I would be a buyer in them if there is an intraday dip today."

"Dr Reddy's Labs is now giving a sense that perhaps that gap up will be sustained. It is a buying opportunity, not intraday, I don’t know how it will work today but if you want to take a positional trade, it is there. For the day I missed out Colgate, it is a buy."

"Technology is now coming as a long trade consistently. So, apart from TCS, Infosys is a buy. You just buy it, it is breaking out and you will see higher levels. All midcap tech stocks are buying opportunities – Hexaware, Mindtree, this whole sector is now cheerful."

"Divis Laboratories is a buy. They are not for today, but we are talking of swing trades, take for few days."
CNBC-TV18
first published: Dec 14, 2017 09:34 am
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