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Buy HUL, Reliance Industries, DCB Bk, Hero Moto; sell Just Dial: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hindustan Unilever, Reliance Industries, DCB Bank and Hero MotoCorp and sell SRF and Just Dial.

August 02, 2017 / 10:39 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "DCB Bank is a buying opportunity. After a big rally it's been inside a trading range for almost six weeks and that is now showing sign of an imminent breakout on the upside. So we are buying in anticipation."

"Hindustan Unilever is a buy, lifetime new highs. Buy whenever you want and it gives money. A similar story goes for Reliance Industries. So focus on these two bluechips always as a long idea," he said.

"Hero MotoCorp had a two day sharp correction, had a bounce yesterday - that rebound should take it higher. So a strong support and buying came in when it fell two days ago. I think that support holds and there is a buying opportunity in the stock."

"Two short selling ideas - SRF which is consistently falling. It is not just a correction; it is a deep correction now. Just Dial is a favourite short. It keeps on going down. I think it will go lower," he added.

"My preferred choice is DLF which is in a trading range and almost on the verge of breaking out but one could take any of the bluechip real estate company - Indiabulls Real Estate or even Indiabulls Housing Finance, irrespective of what the RBI does, there is momentum in these stocks, they will go higher."

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"Piramal Enterprises is breaking out towards lifetime new highs and the other is Jet Airways; two days of narrow range, outside days and a suggestion that it could move up today."

Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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