Buy ACC, Ambuja, Ultratech, JP Associate on dips: Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to buy ACC, Ambuja, Ultratech and JP Associate on dips.

Sukhani told CNBC-TV18, “Ambuja Cement has been making these 52-week highs for sometime now and I have been suggesting we should be long in it and in all fairness that seems to be sensible approach. It has moved even after the first highs were notched. So what happens is that the entire cement sector is doing well.”
He further added, “We don’t question that rally and we don’t say okay, it has gone up so much, it can’t go more. Actually it can and it probably will. So broadly it is not just about Ambuja, it is about ACC, Ambuja, Ultratech, India Cement. I would say that every small dip is a buying opportunity. I am saying dips because you could actually end up buying at the highs and then see a 3-4-5 day correction. That will not be funny.”
“JP Associate is a good chart. I think JP Associates is probably slowly and steadily leaving the worst behind it and moving up and giving the right signals for a buyer. So JP Associates is a stock that I would buy. It is a very volatile stock and since I assume that in the next few days the markets will go into some kind of a correction traders who buy should also be willing to take profits and wait for another dip to buy it. TVS Motor is not a favourite. It has been rallying a lot now. It is doing well. But I would assume that there are far better opportunities in the auto sector. The three names which come immediately, Tata Motors which we have been suggesting and recommending and has done well, Maruti Suzuki, which we have suggested and Bajaj Auto. So while independently if I look at TVS Motors then I can say okay, here is a stock in an uptrend, but when we look at the entire sector there are better choices there.”