Buy Wipro and Bharti Airtel, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Wipro has an excellent chart and I have been talking about CNX IT for the last seven-ten days that it is bottoming out and we should be buying it. Wipro has made a continuation head and shoulder pattern that’s fairly bullish, it gives us significant target may be even Rs 450 eventually not immediately. For a day trader obviously that’s not the target."
He further added, "The position trader should get into Wipro and stay with it. Here is a stock that’s going to do probably very well today, tomorrow and very well over the next one month."
"Bharti Airtel's correction is over and now it is a little choppy that’s a different issue but the choppiness gives us an opportunity to buy on a dip. So this is an ideal candidate. It’s a new up move and that could be choppy on Friday also because of the listing there was some choppiness. But the advantage lies with the buyers, with the bulls. Buy Bharti Airtel, look for a small gain intraday and a significantly larger gain for the month. So for somebody who is building a position consider buying calls."
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