Market likely to move higher, pick private banks, Infosys, HCL Tech, Biocon, Bata: Sudarshan Sukhani

Name: Market likely to move higher, pick private banks, Infosys, HCL Tech, Biocon, Bata: Sudarshan Sukhani
Uploaded: 2017-12-18T12:07:46+05:30
Description: Sudarshan Sukhani of s2analytics.com expects market to move higher and recommends picking private banks including HDFC Bank and ICICI Bank along with Infosys, HCL Tech, Biocon and Bata India.

Sudarshan Sukhani of s2analytics.com expects market to move higher and recommends picking private banks including HDFC Bank and ICICI Bank along with Infosys, HCL Tech, Biocon and Bata India.

December 18, 2017 / 12:10 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Best picks in the Nifty 50 would be private sector banks, HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries and IT. Although IT is not affected but the trend in IT is very robust. So Infosys and HCL Technologies and then you really could be buy anything."

"We are looking at a market that is likely to move up. Bata India has been an outperformer. Biocon has already been at lifetime new highs and that momentum continues."

"United Spirits again is an outperformer. So, if we are buying the Nifty it is wise to focus on the midcaps for stock selection and I am talking about three outperformers which are outperforming even today and otherwise. So, all three are buying opportunities," he said.

first published: Dec 18, 2017 12:07 pm

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