Buy Escorts, sell IVRCL on rally: Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to buy Escorts and sell IVRCL on rally.

Sukhani told CNBC-TV18, “IVRCL was suggesting there is short in the morning and it continues to be a short sell. One just have wait for a small rally and then go and sell it, lower levels are coming. Even if it’s a correction we will see at least 10% on the downside. Escorts is an excellent stock with disclosure that I have positions in it. It is just reversing from a big downtrend and it’s a perfect buy.”
He further added, “Tata Motors has been on the long side after it crossed Rs 200. So every time we say this needs to be bought into and wait patiently whenever it corrects 1-2%, Rs 5-10 go and buy it. Even on breakouts the idea has been to go and buy it.”
“I don’t think Tata Motors now is a buying opportunity, which means if you hold positions you really want to take some little profits as it rallies now. All stocks consolidate and we have come to the point where we all believe Tata Motors is different and in reality it’s not going to be different. The next big trade will come after a correction in Tata Motors."