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Last Updated : Jan 02, 2018 10:55 AM IST | Source: CNBC-TV18

Buy PVR, Sun TV Network; sell BEML, Union Bank of India: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy PVR and Sun TV Network and can sell BEML and Union Bank of India.

CNBC TV18 @moneycontrolcom

Sudarshan Sukhani of told CNBC-TV18, "It is very difficult to stop buying because we are very upbeat but 2018 is not starting doesn’t augur well. Broadly there is a theme, if you have midcaps and smallcaps in your trading account which means you buy them and hold them for a few weeks to few months this is a very good time to start planning to take profits. If the markets start coming down the biggest effect comes on these smallcaps and midcaps which are flying around, so take your profits now. You can always buyback, there is no big deal."

"It does appear that the markets are willing to give up some of these gains, but for the short-term trader there are still buying opportunities."

"KPIT Technologies is bottoming out and NIIT Tech which had a rally and a consolidation and a renewal of that up move is quite possible. This is surprising because IT stocks are going in spite of the dollar weakness, but that is how the market work out."

"I have PVR as a buy. That is a positional buy, maybe a market decline will really push people for more entertainment, I don’t know. A large bullish head and shoulder is now in place in PVR. You consider buying it for a swing trade also and as a positional holding in the stock."

"Sun TV is my favourite, a small flag and the stock is willing to go higher. So, even if the market chops around, I don’t think the market may fall immediately, they may actually go up there are buying opportunities in some of the blue chip stocks," he said.

"Two short selling ideas - BEML which is falling day after day relentlessly and my favourite short selling sector PSU bank. Today I have Union Bank of India but you could really close your eyes and sell any PSU banks except for State Bank of India."

"This is not a buyer’s market anymore," he added.

"Bata India and Ajanta Pharma are intraday buying opportunities, only intraday."
First Published on Jan 2, 2018 09:25 am
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