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Short PNB, Can Fin Homes, Capital First; buy Hero MotoCorp, Ajanta Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB, Can Fin Homes and Capital First and can buy Hero MotoCorp and Ajanta Pharma.

November 15, 2017 / 11:09 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is a long list of short sells in NBFCs. That includes one PSU bank. I have Punjab National Bank (PNB) as a short sell, that stock is now at the lowest point since that big rally started. There are any number of PSU banks which are giving sense of further weakness. PNB is a short."

"Two NBFCs are relatively easy shorts. Can Fin Homes where a 30 percent decline has already happened even as we were looking at, it has strength and that should continue."

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"Capital First is where a fairly bearish pattern is on the verge of being completed. NBFCs I have been saying are in a short-term or intermediate down trend and that pattern continues generally for that sector."

"There are two buying opportunities. One is Hero MotoCorp, it had a very nice attractive rally yesterday, so perhaps that decline is now coming to an end."