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Buy Voltas, TCS, Sun Pharma, NMDC, DLF, KPIT Tech, Hexaware; short UltraTech, Tata Motors: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Voltas, Tata Consultancy Services, Sun Pharmaceutical Industries, NMDC, DLF, KPIT Technologies and Hexaware Tech and can short UltraTech Cement and Tata Motors.

March 06, 2018 / 11:10 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Voltas is a buy, the stock has confirmed a double bottom and could actually go to lifetime new highs."

"Tata Consultancy Services (TCS) is a buying opportunity, yesterday was a good day. I am upbeat on IT, carrying that theme forward today. TCS should be considered for buying."

"Sun Pharmaceutical Industries had a sharp dip yesterday and was bought immediately, so there is a strong support now developing there. It is now outperforming and is a buy."

"On the assumption, suppose the market even if they go up, weak sectors are not likely to outperform. One is cement, it has been in the dumps in spite of so much good news, something else is going on there. UltraTech Cement is a short."

"Tata Motors which had a bad day yesterday is in a strong downtrend, it is probably a sell on a rally stock. So there will be a rally today and should be considered as a short sell," he said.

"KPIT Technologies and Hexaware Tech are buying opportunities and I think this minor dip that we have seen is actually a positional trade also. I am upbeat on IT - generally midcap as well as largecap."

"Day traders can buy Sun Pharma even after the gap up and people who want to maintain positions can buy it and hold for the next few weeks or days. There are higher levels coming, a strong support was found yesterday."

"NMDC is my favourite today. Castrol India which is probably going to do very well today intraday and DLF from the real estate space. So traders should focus on three stocks - all for buying," he added.

CNBC-TV18
first published: Mar 6, 2018 11:10 am

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