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Buy L&T, Asian Paints, Whirlpool, Sun TV; sell Ajanta Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy L&T, Asian Paints, Whirlpool of India, Sun TV Network and Bajaj Finance and advises selling Ajanta Pharma and Dish TV.

September 19, 2017 / 10:34 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have mix of buys and sells, as it has been, and there are opportunities on both sides. There are two stocks that have made lifetime new highs and that is exactly my point that lifetime new highs in a bull market should usually be bought. One is Asian Paints. It had a new high yesterday and has been making new highs since it was Rs 75. Asian Paints is now Rs 1,255. We want to buy intraday as well as maintain long position in it."

"The second new high was Whirlpool of India. It is not in the Futures and Options (F&O) and you do not have to trade it but it is worth buying into. It is a fantastic stock, big gains and lifetime new highs yesterday. I would go long as an investing idea and as a positional trade," he said.

"The third stock is Bajaj Finance, a 4-day correction maybe getting over. It is worth trying and finding out whether the dip is done with."

"Two short sells - Ajanta Pharma. Pharma is going nowhere and Dish TV is in bear market of its own. Larsen & Toubro (L&T) is an investment buying opportunity. A big trading range has just broken on the upside. On any day when the Nifty is going up, it is also a day trade on the long side."

"I would be a buyer in Sun TV Network. Any dip in Sun TV deserves buying in spite of the big choppy movement it keeps on doing," he added.

"Havells India's correction is a buying opportunity. It's a stock that is outperforming and I would be a buyer as an investing idea. Biocon is a buying opportunity. It has made perfect head and shoulder pattern and broken out of that. For anyone looking at pharma stock, it is a buy. It is an investing or position trading buy and not day trade but you should put it in your portfolio."

"Tata Motors is a complete avoid. GAIL India is a buying opportunity."

first published: Sep 19, 2017 09:37 am

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