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Sell UBL, Bharat Financial; buy Adani Ports, Petronet, Piramal Ent: Sukhani

Sudarshan Sukhani of suggests selling United Breweries and Bharat Financial Inclusion and advises buying Adani Ports, Petronet LNG and Piramal Enterprises.

April 11, 2017 / 09:53 AM IST

Sudarshan Sukhani of told CNBC-TV18, "I have a mix of buy calls and sell calls. We have got a mix of choppy market that offers opportunities on both sides but the sell calls should be taken carefully. One of them is United Breweries. You know what the story is for United Breweries, for McDowell. They are breaking support levels consistently and UBL is now on the verge of a new decline below a significant support. So, that is a short sell. You can hold for sometime."

"Second short is Bharat Financial Inclusion. It is a stock which is doing very different chart patterns as compared to the other NBFCs. It has already broken down from a support level. I have no idea why but it deserves a short sell," he said.

"The buying opportunities are in strong midcap stocks starting with Adani Ports, it had a three day mild correction. That correction should end in and advances should continue."

"Then we have Petronet LNG. It is now at the higher end of a trading range and on the verge of an upside breakout. The stock has been an outperformer and that should continue."

"Finally, Piramal Enterprises which comes in my list perhaps for the first time, it is in the F&O now, the stock has been going up it. It is again on the verge of another breakout. That is something you might like to talk about also."
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