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Buy IndusInd Bank, Bajaj Finance, Tata Chemicals; sell ACC, Glenmark Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy IndusInd Bank, Bajaj Finance and Tata Chemicals and sell ACC and Glenmark Pharma.

March 28, 2017 / 09:36 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It becomes much difficult to call which of the banks is going to outperform. So, the Bank Nifty is an easier instrument. IndusInd Bank is making lifetime highs, we have to respect that. That is why it is in the list. Here is a stock that says I am not going to go down, well we go and buy it." 

"Bajaj Finance from the NBFC can pitch in a tight consolidation. NBFCs are doing well, so, that consolidation should break on the upside. It is an anticipation and it should workout," he said. 

"Tata Chemicals is on the verge of making lifetime highs. It has already rallied handsomely from its deep correction that it made, a V-shaped recovery and probably if you buy it there is a ride that will take you to say uncharted territory." 

"There are three buying opportunities in midcaps and all three are carry forward trades. You can actually go and say okay I am buying and carrying it for a few days." 

"The short sells are intraday trades. ACC is a short sell and Glenmark. Pharma is all over the place, it is giving nothing. Glenmark is again making new lows, so, both are short sells. However, try to keep it intraday."

first published: Mar 28, 2017 09:34 am

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