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Buy SBI, Voltas, Indiabulls Housing, Hindustan Unilever; sell United Spirits, United Breweries Holdings: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy SBI, Voltas, Indiabulls Housing Finance and Hindustan Unilever and sell United Spirits and United Breweries Holdings.

March 29, 2017 / 11:59 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "State Bank of India (SBI) is a buying opportunity. To me, most PSU banks are giving bullish signals, but quite true they have failed so many times. So, whether this is different or it is going to be the same, I don’t know. However, have a bullish buy so far as the signals are available and valid. So, SBI is a buying opportunity." 

"Voltas which has been pushing against resistance, now for two months almost is in a trading range. It should break on the upside. That is why generally the theme is to be upbeat, don’t trade in the index for different reasons, but be on the bullish side," he said.

"Indiabulls Housing Finance has the same story, NBFC has had a rally, that rally is consolidating and a breakout on the upside could be and should be possible." 

"Hindustan Unilever (HUL) is my favourite FMCG stock which is doing well and more momentum on the upside is expected." 

"Just to balance it out, United Spirits is a short sell. It has been doing nothing and I think that and the other one, United Breweries Holdings are probably looking at lower levels."

"PFC and REC are buying opportunities. I have some equity investments in PFC, so, that is the reason I bought it. I think there is a significant rally coming in both the stocks."

"It is very difficult to buy when it is going through a rally. However, the fact is broken out of a small consolidation Dishman Pharma is a buy on dip, but not today."

first published: Mar 29, 2017 09:21 am

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