Buy Zee Ent; sell Hexaware Tech: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Zee Entertainment while Hexaware Technologies is a sell or avoid.”

Sukhani told CNBC-TV18, “Zee Entertainment is a buy. I have liked Zee since Rs 130-140 when it made a low and started bouncing. I have put it in my buy list umpteen times. It’s still a buy. But eventually everything comes to an end. Yesterday’s big move in Zee is suggesting that the end for this rally is coming soon. But even now, if there is an intraday dip then Zee is a buying opportunity. It has done very well and since we do not know when that end will come, go with the momentum.” He further added, “Yet worst is not over in Hexaware Technologies. Some small rally has come in; maybe because the CNX IT was better. It is too early to think the worst is over. We do not know how it will behave. At best, it can start building base, which itself is a very choppy method of reversing. So I would not buy it. It’s a short sell or avoid.