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Buy Tata Elxsi, United Spirits; sell Dalmia Bharat: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tata Elxsi and United Spirits and can sell Dalmia Bharat.

February 22, 2018 / 02:19 PM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have all been speaking about how the IT pack is outperforming and that outperformance should continue. So, Tata Elxsi is a buy. I think these IT stocks are coming in our list repeatedly and that is because their charts are very attractive for buyer. So, Tata Elxsi is a buying opportunity and so is United Spirits."

"United Spirits had a dramatic 25 percent decline, that decline is probably coming to an end. It is an intraday trade on the long side and you could also carry positions. So, it is available for both trades."

"There is a short sell in Dalmia Bharat. I am down beat on cement in spite of the spikes we have seen in Ambuja Cements, half day spike in ACC, the trend is down and Dalmia Bharat is a short sell for the day," he added.
CNBC-TV18
first published: Feb 22, 2018 02:15 pm
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