Take long position in Jubilant Food: Sukhani

Take long position in Jubilant Foodworks, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Jubilant Foodworks made a very dramatic sort of rally yesterday and that was a day when FMCG was out of favour. So clearly there is a relative strength in Jubilant versus the Nifty and Jubilant is an outperformer in that consumer fast moving sector also. We do not question what the market is doing. There are no visible patterns in Jubilant that is the only problem but the relative outperformance is enough for us to take a long position here."
He further added, "Opto Circuits is a very disappointing stock. Once or twice I thought maybe it is bottoming out, it hasn’t done that, it is falling relentlessly in a market that has gone up from 5,200 to 5,600. The stock is coming down. It is very difficult for me to say exactly where it will stop, Rs 125 or Rs 100 but what we understand is this is not a stock we want to be in. Every opportunity is a short selling idea in it."