HomeNewsBusinessSell PVR, Bank of Baroda; buy Bharti Airtel, Ashok Leyland, hold ICICI Bank: Sudarshan Sukhani

Sell PVR, Bank of Baroda; buy Bharti Airtel, Ashok Leyland, hold ICICI Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell PVR and Bank of Baroda and buy Bharti Airtel and Ashok Leyland while one may hold ICICI Bank.

August 17, 2017 / 13:53 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Today is going to be a dull and choppy day. So there are midcap opportunities, but traders are advised to keep their volumes as low as possible."

"PVR is a short sell. The stock has seen multiple times of gains, but now it is stalling. It is also giving a sense of distribution. So for the day trader, there is a short sell opportunity in PVR."

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"There are two buying ideas, one is Bharti Airtel where a small correction may be getting over. The other is Ashok Leyland, same story, some kind of a correction was there and that is probably coming to an end. So there are intraday buying opportunities here. I generally try to avoid carrying positions into tomorrow, tomorrow would be a new day," he said.

"There are no levels in Biocon. It is on the verge of breaking from a significant support at Rs 320-315. Unfortunately Biocon is a complete avoid. We do not do bottom fishing; the stock is falling, the pharmaceutical sector is falling every day, so, the decline must stop, some kind of base building must start, and then only retail investors like us should go and buy it. So, Biocon is far away from that process. Do not buy, just stay away."