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Buy Jet Airways, Interglobe Aviation, Amara Raja, Marico, Indiabulls Housing, Glenmark: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Jet Airways, Interglobe Aviation, Amara Raja Batteries, Marico, Indiabulls Housing and Glenmark Pharma.

December 20, 2017 / 15:09 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "My call on Jet Airways is that it is a buying opportunity. The chart suggests a significant upside momentum is imminent. Not only Jet Airways, even Interglobe Aviation (IndiGo) is a buy. IndiGo had a correction, it is a in a trading range, but that range appears to be willing to break on the upside. So both the airline companies are buying opportunities for the momentum trader."

"Technically, Amara Raja Batteries is an investment buy. It had a deep correction and fell a lot, even when the Nifty was going up. That correction seems to be getting over. So, it is a classic buy on dips opportunity. However, this is not a trade, not a day trade or a swing trade, if you are looking to invest, it is an excellent midcap to buy today and for a longer term," he said.

"Marico is a buy. The FMCG pack keeps on making news, or makes new highs. Hindustan Unilever (HUL) did it a few days ago, lifetime new highs and Marico is now willing to join the party of HUL and Dabur. So, Marico is a buy."

"Indiabulls Housing has made a classic bullish head and shoulder. It is breaking out now. The correction is over, it is an excellent buying opportunity."

"Glenmark is still a buy. It is worth taking that risk," he added.

CNBC-TV18
first published: Dec 20, 2017 03:06 pm

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