Buy Dishman Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dishman Pharmaceuticals & Chemicals.

Sukhani told CNBC-TV18, "Dishman Pharmaceuticals & Chemicals has already seen a strong rally but pharma companies are not stopping. Whatever the valuations are, whatever the reasons are, they are becoming like IT companies of yesteryears. They just keep on going up."

He further added, "Dishman Pharma was in a trading range, it broke out yesterday. It has already confirmed that breakout but once it says ‘okay I am willing to go up’, there is much more upside here. Again here are stocks that are position trades, Dishman Pharma, Zee are not just day trades. You can buy them and hold them for a few days to weeks."

"Bajaj Auto has already been in a strong uptrend, it doesn’t come back. All it does is it pulls back little bit and sometimes it consolidates, which takes the replacement of a pullback, which is what it did this time. It consolidated, it is now moving up."

"One of the themes I have been explaining from many months has been that strong stocks are being rewarded in this market and that is exactly what's happening. We are not questioning why it is going up, what the valuations are? Markets like it. I think Bajaj Auto eventually will cross Rs 2000, anyone buying now should patiently wait for that number."

Disclosure: I have no holdings in the stocks discussed.