Buy Sun Pharma, go long in IDFC: Sukhani

Sudarshan Sukhani of s2analytics.com advised buying Sun Pharma. He also recommended staying long in IDFC on policy day.

Sukhani told CNBC-TV18, “For tomorrow it is wise to remain on the long side so consider buying Sun Pharma. The stock has made a small correction and it has moved up after that correction. It is one of the outstanding stocks in the market. A small correction is what we are getting and it is making life time highs consistently; so be on the long side. The lifetime new highs can again begin tomorrow, buy Sun Pharma.”
He further said, “IDFC has been in an uptrend and that uptrend is intact. A small decline was actually a bullish flag and the stock is now breaking out of the bullish flag resuming its up move. It is one of the better stocks in the infrastructure finance universe; so consider buying IDFC for tomorrow, keep a stop loss because rate sensitive’s can do a lot of unusual things on a bank policy day. But within those constrains, this one is likely to move up; so stay long with it with proper risk management.”