Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Stock wise there is nothing to do except for buy and midcaps keep on offering opportunities, even on choppy days, and today is a good day. Petronet LNG which has been a favourite stock for me is a buying opportunity. I think there is a trade here which can last for more than a day, but at current level you can consider buying it."
"India Cements which is coming out of a reasonable base building exercise, is a buy, and so is Cadila Healthcare, part of the pharmaceutical pack which is now showing signs of life. I have been talking about it all the time."
"One more important point is, don’t make the mistake of shorting anything; that would be silly."
"Sun Pharmaceutical Industries is a hold. The worst is over for the pharmaceutical sector. Sun Pharma is a good company coming out of bad times; just hold and be a long term investor," he said.
"Bajaj Finance has rallied a lot and the best case scenario is that it will consolidate for many months. Now in a bull market, good quality stocks will go higher; I am sure Bajaj Finance will also go higher at some time and give us good targets, but I don’t have a number on it."
"I am not very keen on having these NBFCs in a portfolio. You have them, keep them, but the long term should be really long term."
"Reliance Industries is a much better opportunity. We actually have a number as a target and that is Rs 1,500. It was Rs 3,000 before; after the bonus, it is Rs 1,500. I think it will go there," he added.
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd
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