Buy JP Associates on dips; sell United Spirits: Sukhani

Buy JP Associates on dips and sell United Spirits, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “All of UB group are rallying for the last few days, so I don’t think we should go and sell. The only one that can be sold in United Spirits and this is not the right time to do it.”
He further added, “I wouldn’t go and buy anything, these stocks are news driven and they are rumor driven. So unless the news comes and stabilizes prices, these rallies should eventually be sold into which means that if United Spirits continues at current levels for a couple of days more, I would be a short seller in it.”
“JP Associates is now starting a bull market of its own, it has completed a bear market, flattened out, built a base, it is a chart that tells us every opportunity in this stock should be bought into. Today it is up, this is not an opportunity, I think you wait patiently for the next couple of days; you will get a dip and then have the courage to go and buy it.”