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HomeNewsBusinessBuy United Breweries, RBL Bank, Petronet LNG, M&M; sell Bharti Infratel: Sudarshan Sukhani

Buy United Breweries, RBL Bank, Petronet LNG, M&M; sell Bharti Infratel: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy United Breweries, RBL Bank, Petronet LNG and M&M and can sell Bharti Infratel.

November 29, 2017 / 11:18 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "United Breweries is a buy, the big parabolic rally led to a small flag like decline. I think that flag should again break on the upside which means a significant up move is still pending here."

"Most financials are now giving signs of that small correction being over and a new upswing starting and that is happening with RBL Bank as well. It is a buying opportunity."

"My favourite Petronet LNG is a buy, a small correction seems to be over and new highs should easily be coming."

"Surprisingly, Mahindra & Mahindra is a buying opportunity, a V-shaped rally is not showing signs of a faltering, just has a pause. That pause could again move on the upside."

"Just to balance it out, Bharti Infratel is a sell. Short sell should be done only intraday," he added.

"In Zee Entertainment, technically there is a target which is Rs 700 plus. There is a lot of headroom from here. It is not a day trade but it is certainly a positional buy."

"Sobha is a buy, the other is Dewan Housing Finance. Generally NBFCs and the financials are now bottoming out from a small correction and most of them should be attractive buying ideas."

CNBC-TV18
first published: Nov 29, 2017 09:22 am

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