Moneycontrol PRO
HomeNewsBusinessBuy Kotak Bank, Shriram Transport, Tata Global, HDFC, TCS, L&T, ACC; sell CESC, Cummins: Sudarshan Sukhani

Buy Kotak Bank, Shriram Transport, Tata Global, HDFC, TCS, L&T, ACC; sell CESC, Cummins: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Kotak Mahindra Bank, Shriram Transport Finance, Tata Global Beverage, HDFC, TCS, L&T and ACC and can sell CESC and Cummins India.

March 13, 2018 / 10:35 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Since the markets could be choppy, the buys are certainly much more impressive and preferred. Kotak Mahindra Bank is a buy. This stock has not corrected, while the Bank Nifty had the battering, Kotak maintained itself. So that is a stock that is going to go much higher as the market stabilises here."

"Shriram Transport Finance is on a dip. In the dip, it has made a bullish head and shoulder; that is always a pattern I like to buy into. Both are positional trades because markets could easily be soft in the morning. So it is not an early morning trade. Take these positions and wait it out for a few days."

"The third buy is Tata Global Beverage. It has an excellent chart. It has gone through a correction and that correction seems to be ending. Again a positional buy, these trades could work out in the day but you really have to carry them to make some meaningful gains out of it."

"Two short sells, they are all intraday, don’t short sell and carry forward. CESC and Cummins India are weak."

"HDFC is a buying opportunity some time during the day whenever the market dips; that should be early morning, and also Zee Entertainment Enterprises."

"Tata Consultancy Services (TCS), I think everyone is now going to talk about it. TCS is a buy at current level, don’t miss out."

"We have Larsen and Toubro (L&T) and ACC, both from the larger infrastructure space that should do well today. Be on the buy side," he added.

CNBC-TV18
first published: Mar 13, 2018 10:29 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347