Buy Bata India; sell Jindal Saw, says Sukhani

Buy Bata India and sell Jindal Saw, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “We just heard Bata India reaching lifetime new highs is a buy. In the same wavelength, which means sells are also there, Jindal Saw, which is making repeatedly new lows, is a short sell.”
He further added, “ONGC has an upbeat chart for sometime. At current levels, ONGC is now reaching a resistance level. So the problem here is that every time we look at a stock, it has already rallied. It is difficult to say, go and buy at Rs 290 but ONGC remains a buying opportunity when it dips and luckily for traders it keeps on having these pullbacks and corrections always.”