Sell Coal India;buy Sun Pharma, M&M: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can buy Sun Pharmaceuticals, Mahindra Satyam, Mahindra & Mahindra while sell Coal India.

Sukhani  told CNBC-TV18, “I am looking to buy Sun Pharmaceuticals. That is a suggestion. Sun Pharmaceuticals went through a correction but a good stock stops at its support level, which Sun Pharmaceuticals did. So, now it is beginning a rally from the support levels bouncing up and the chances are that it will renew its upmove.”
“A similar story comes back in Mahindra Satyam. Mahindra Satyam has come back in my list after a long time. It had a very nice upmove, it consolidated and now the consolidation is giving way to a breakout on the upside. So, Satyam is also a buying opportunity.”
“Similarly, I am looking at buying Mahindra & Mahindra (M&M). M&M has a same story as Sun Pharmaceuticals, little milder, it went to almost Rs 1,000, had a very sharp correction. That correction found support at Rs 880-890 levels and it is ready for a new renewed upmove. So, there are three buying ideas.”
“Coal India is a short sell. Coal India has been a disappointment, it has repeated resistance at Rs 350 and finally it has cracked a trading range, come down from it, broken down while the market was going up on Friday. So, this is a short sell.”