Buy Bajaj Auto, Sun TV: Sukhani

Sudarshan Sukhani, s2analytics.com advises traders to buy Bajaj Auto and Sun TV.

Sukhani told CNBC-TV18, “You have to stick with good quality stocks; this is a theme I have expounded many times. What happens is that Bajaj Auto has been in a strong up trend. A minor correction in Bajaj Auto took place and that correction seems to be over. The up trend should resume even if the Nifty were to start cracking down – assuming - Bajaj Auto would distinctly outperform.”
He further added, “The downside risk is small and any minor rally in the Nifty, Bajaj Auto could cross Rs 2120-2150 which gives us a handsome gain from current price levels. So, this is a stock that is worth buying into next week. A similar stock comes into mind and that is a recommendation for buying and that is Sun TV. Sun TV doubled itself after that doubling it then went through a minor correction and that correction seems to be over and it has begun its rally again. In choppy markets such as this we should stay with quality and in quality we should stay with stocks that are in confirmed up trends. Both the stocks I have suggested are that.”