Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "For today consider buying Hero Motocorp. The stock has gone through a decline, a correction and is now ready for a bounce on the upside. It is in a trading range and breaking out. So, stocks that are breaking out are attractive for buyers – low risk and potentially high rewards."
He further added, "Same thing applies to Adani Power. The stock was in a downtrend, then a consolidation and a breakout that has already happened and momentum favours the buyers. It is a trade that should be considered as a strong momentum trade. You are buying because everyone else is buying and hopefully this keeps on going up till it finally goes into distribution. At this point Adani Power is just starting the up move, so buy that."
"PSU banks have been a favourite for some time. In the morning also I had suggested UCO Bank and I am continuing with Union Bank of India. The stock has broken out of a trading range as have most PSU banks and the buying opportunities are coming now. So, don’t worry about what has already gone up, in context there is much more up side left."
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