Buy Shree Renuka, JP Associates: Sukhani

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

Sukhani told CNBC-TV18, "Shree Renuka Sugars does suggest that perhaps there is a rally here. It has been in trading range for sometime now, but the trading range is at the top of the rally from Rs 25-37, that’s good news. So I would be a buyer in it. Just keep a stoploss for intraday trading but outlook is positive."

He further added, "Jaiprakash Associates has actually done very well. After a very brief correction it has again crossed its earlier highs. It did not close that higher, but it closed almost at the previous tops. I would be a buyer in JP Associates. Stocks that are outperforming the market will continue to do so. The setbacks in those stocks in terms of prices should be used as entry opportunities on the long side. That applies very well to JP."