Buy Shree Renuka Sugars: Sukhani

Buy Shree Renuka Sugars, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would expect a continued decline in TVS Motor. It’s not easy to say what will happen for any stock or the index on any given day before the market opens, but broadly the trend is down. So if there is a rally we don’t buy it. If that rally fizzles out then idea is to sell it.”

He further added, "Shree Renuka has made some kind of a double bottom not confirmed yet, but in this market we are all trading on hope. Maybe this pattern will workout, maybe it will go up. Sugar is doing the right things. Balrampur is an outperformer. Shree Renuka is catching up and yesterday it did well. So, Shree Renuka would be a buying opportunity.”