Buy BHEL on dips: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy BHEL on dips for short term trade.

Sukhani told CNBC-TV18, "Out of BHEL and L&T, for a trader BHEL is more attractive because there is probably going to be more bounce on the upside whenever that resumes. So as a short-term trade BHEL on this dip will become a buying opportunity. It’s important for the Nifty not to fall otherwise BHEL, L&T everything will go down with it. But if the Nifty stabilizes BHEL becomes a very attractive buy. L&T also is a buy except that it comes number two, it comes after BHEL."
He further added, "After this big rally we have to accept the market’s wisdom and say that SKS Micro is probably bottoming out, at least so far it appears. So now SKS becomes a buy once it consolidates or it corrects or dips. I don’t think we want to run after it after two days of back to back gains. But the trade is now to go long there."