HomeNewsBusinessSell Strides Shasun, Siemens, Jet Airways; buy HCL Tech, Britannia: Sudarshan Sukhani

Sell Strides Shasun, Siemens, Jet Airways; buy HCL Tech, Britannia: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Strides Shasun, Siemens and Jet Airways and can buy HCL Technologies and Britannia Industries.

October 12, 2017 / 10:53 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Strides Shasun is a short sell. It has been making new lows, a very tepid rally and just failed and fizzled yesterday. Jet Airways is a short. A small rally was a bearish flag. Significantly lower levels could be coming."

"Siemens is a short sell. It is one of the few capital goods stocks which is making new lows consistently, something is wrong there."

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"There are two buying ideas because market could be choppy. I have no idea about today's market. If choppy market exists then HCL Technologies is a buy. The stock is an outperformer and similarly Britannia Industries; the stock closed higher yesterday when the whole market was in a topsy-turvy," he said.

"Reliance Industries and Hindustan Unilever are outperforming stocks. They will fall less. So we should not short them but they will fall."