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Last Updated : Feb 05, 2018 10:57 AM IST | Source: CNBC-TV18

Sell Tata Chemicals, Can Fin Homes, BPCL; buy Tata Consultancy Services: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Tata Chemicals, Can Fin Homes and BPCL and can buy Tata Consultancy Services.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The markets will gap down and the individual stock levels are therefore unknown. However, the theme is that we should be looking to sell into most intraday rallies or even in the morning if there is even a brief rally. The short sells are much easier, a lot of midcaps have already cracked even before Friday."

"Tata Chemicals is a short sell, there is a large head and shoulder pattern which is been confirmed on Friday, it is an intermediate downtrend which is starting, and that is happening everywhere."

"Can Fin Homes was already in a bear market of its own. That should exaggerate and continue on the downside. That is a short sell."

"BPCL is a short, this stock has been hammered earlier also and that decline continues. LIC Housing Finance is making new lows. So there is a theme which is that midcaps are now available even now for shorting," he said.

"The one buy is Tata Consultancy Services (TCS). Assuming that markets will open lower, the lower level is an attractive buying opportunity in the largecap IT and that is TCS for me today," he added.
First Published on Feb 5, 2018 10:53 am
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