Moneycontrol PRO
HomeNewsBusinessBuy Maruti Suzuki, NBCC, hold Bajaj Finserv, RBL Bank; sell Bharti Infratel: Sudarshan Sukhani

Buy Maruti Suzuki, NBCC, hold Bajaj Finserv, RBL Bank; sell Bharti Infratel: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Maruti Suzuki and NBCC and can hold Bajaj Finserv and RBL Bank while one can sell Bharti Infratel.

November 14, 2017 / 12:36 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks will keep on giving us opportunities. This is a good market to trade in generally. NBCC is a buy. The stock has been showing strong momentum consistently, a small correction is over probably, and new levels, higher levels should be coming."

"Among other largecaps, Maruti Suzuki is one stock which is holding out. I think there is a buying opportunity. Start with an intraday trade, and if you see the trade going in your favour by the close of the day, carry Maruti forward."

"There is a short sell in Bharti Infratel. You have already seen Infratel have a bad day today; it is also on the back of news. That weakness could persist, it is a short sell for the day, but it exists, the trade is valid. So two buys, one short sell, and the Nifty doing nothing."

"Hold Bajaj Finserv. This is a long term bull market and financials will outperform. Currently, they are going through a rough patch, there is a short term downtrend here, so if there is a short term trade, then you can also sell and go short, do whatever. However, for anyone who is an investor, financials are a hold," he said.

"You must stay long in RBL Bank. It is on the verge of a significant breakout. The stock has been in a trading range for many weeks and it could outperform in the near future also; that would be lucky. However, for a long term investor, stay put; you will be surprised at the gains you get in these private banks," he added.

first published: Nov 14, 2017 12:34 pm

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