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Last Updated : Jan 30, 2018 11:29 AM IST | Source: CNBC-TV18

Buy Mindtree, Raymond, Titan Company; sell NBCC, Reliance Infra: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Mindtree, Raymond and Titan Company and can sell NBCC and Reliance Infra.

CNBC TV18 @moneycontrolcom

Sudarshan Sukhani of told CNBC-TV18, "Mindtree is the buying opportunity. There are lot of stocks among the IT sector which are still showing signs of momentum. Mindtree had a 4-day consolidation and I would expect it to again break on the upside."

"Raymond is another buying opportunity, a two week consolidation after a stupendous rally tells us that it is ready for an up move."

"Titan Company, earlier was erstwhile favourite and has been in a trading range, a small flag like formation tells us another big move is coming. So, three buying ideas and I would focus on them," he said.

"Intraday shorts selling opportunity also exits. NBCC has been falling restlessly day after day and is a short sell intraday."

"Reliance Infra which had a massive vertical rally and then stalled, all the group stocks had stalled and now it is falling. So there again a short sell is possible," he added.

"Divis Laboratories deserves a trade and so does Biocon in spite of the small decline we have seen. I would stay away from others."

"Idea Cellular and Tata Communications both are on the short side and only intraday but worth taking."
First Published on Jan 30, 2018 09:16 am
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