Buy Pipavav Defence on dip: Sukhani

One can buy Pipavav Defence on dip, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would buy Pipavav Defence. That weakness was just one day, it’s irrelevant. It has rallied; it almost doubled itself from Rs 50 to Rs 90. It is not a buy today because it’s been on a roll but any minor correction in Pipavav Defence, suppose it corrects today then tomorrow it becomes a buying opportunity. Stocks that have given such strong signs do not retreat. So even in a weak Nifty it would be an opportunity to go long."
He further added, "Aurobindo Pharma has been correcting for three-four days now. It will stop correcting at some point and one must go long in it."
"Jindal Steel and Power is a buy if we see a follow-through on Friday’s rally and that applies to Hindalco also. If there is a significant follow-through, which means if it starts going up after the 15-20 minutes then there is an opportunity for an intraday trader to go long because the market could easily be choppy for most of the day. So one should be considering it a buy as an intraday day."