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Buy Tech Mahindra, JSW Steel, SREI Infra; sell Sun TV, Dr Reddy’s: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Tech Mahindra, JSW Steel and SREI Infra and advises selling Sun TV Network and Dr Reddy’s Laboratories.

August 30, 2017 / 10:44 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tech Mahindra which is now bottoming out is an investment buy. You be a little brave and have some courage to accumulate this share. It is also a day trade."

"JSW Steel is defying gravity, defying all the declines we are seeing and everything else. It just keeps on going up. It is a perfect buying opportunity for what could be a bullish trade today."

"SREI Infra was in a trading range. Yesterday it had a good day while the broad market was coming down. That itself is an outperformer."

"Three buy ideas, all three should be focused on."

"Two short selling options if this becomes a choppy market then we will have Sun TV Network which is in a decline of some kind and Dr Reddy’s Laboratories, part of the pharma pack. It has not bottomed out yet. So these two are short selling but primarily the bias is bullish," he said.

"I am upbeat on Manappuram Finance, we had a sharp correction but this happens in a volatile market. it is probably looking at much higher levels. if you are an investor, you could be looking at Rs 200, which is double."

"Maruti Suzuki is one of the larger cap stocks but it is now coming out of a small correction and I think it could lead today."

first published: Aug 30, 2017 10:28 am

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