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Last Updated : Jan 02, 2018 12:04 PM IST | Source: CNBC-TV18

Buy Maruti Suzuki, Tech Mahindra, NTPC; sell Equitas Holdings: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Maruti Suzuki, Tech Mahindra and NTPC and can sell Equitas Holdings.

CNBC TV18 @moneycontrolcom

Sudarshan Sukhani of told CNBC-TV18, "There are buying opportunities even in this choppy market and Tech Mahindra which has been a favourite for some time has come out of a bear market, makes new highs in this up trend and consolidates and then breaks out again. It is a buying opportunity."

"NTPC is a buy. That stock has been having a consistent rally. Power stocks are doing rather well for the last few days and NTPC has more upside. Try to manage your trades with proper stop losses which are already given, don’t overstay, but still these long ideas exist."

"Equitas Holdings is a sell. Almost all financials are in deep trouble, charts suggest lower levels, so that is the stock for today on the short side. Broadly keep positons light."

"Maruti Suzuki is a good buy at any price. So if you want, you can buy at the current prices. I would suggest buying part of the quantity that you intend to buy at current prices and wait patiently for a deeper correction. Everything corrects, you might be able to get Maruti even as low as Rs 8,400-8,500 in the next few months. So divide your investment in two parts, one now and one for a deep correction which could come this year," he added.
First Published on Jan 2, 2018 12:04 pm
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