Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have midcap stocks for buying. Raymond is a buying opportunity. That stock has had a strong rally, a mild correction, and a renewal of that rally."
"On the largecaps, Larsen & Toubro (L&T) is a buy. L&T is an exception to the sideways trend that we are seeing in almost all other stocks. There is some momentum here. Remember, don’t overstay your welcome, both these long trades should be taken today and probably exited tomorrow in any case."
"I also have a short sell on Apollo Hospitals. It keeps on coming in my short sell list because the stock is steadily coming lower and lower. So these are three ideas; markets are choppy so try to trade as little as possible," he said.
"TVS Motor is an outperformer and is likely to continue and remain so. Hold on to your stock. I think one should hold on for the next two years, you will see much higher prices."
"The charts for MCX India don’t look very attractive to me. So, I neither have a buy recommendation nor can I give you a target here. Maybe a fundamental view here would be much more useful because on the charts it is an underperformer and continues to be so. Perhaps something is changing which the charts have not yet detected. "
"Axis Bank is an outperforming stock. If the broad market comes down, Axis Bank won’t stay up, but it would still be performing better. So if you are a long term investor, you can buy Axis irrespective of the prospects of a correction. For short term traders wait patiently, today’s rally will also stop when there is a dip in the market and there will be, Axis should be bought."
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!
