Moneycontrol
Last Updated : Jan 15, 2018 10:52 AM IST | Source: CNBC-TV18

Buy Apollo Tyres, Infosys, L&T; sell Canara Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Apollo Tyres, Infosys, L&T, Asian Paints and Ceat.

CNBC TV18 @moneycontrolcom

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I actually keep on having short positions in PSU banks. Today of course the Bank Nifty itself is expected to do well according to me but even then that is the position as we

start the day. So, Canara Bank is a short sell, generally beyond the long side of the market."

He further added, "Apollo Tyres is a buy opportunity. The stock has rallied significantly, had a three day correction perhaps that correction is coming to an end."

"Asian Paints is a very attractive buy. It is not just a swing trade or a day trade, it is also positional buy. The stock has been consolidating as on the verge of a breakout on the upside. Ceat is a buy, the same story as Apollo Tyres. Tyres stocks have been consolidating after a big rally and there is probably an imminent breakout."

"Larsen and Toubro among the big cap stocks is a three day correction. That correction was over on Friday when it crossed its previous highs the earlier days high. So, that three day correction is a flag and suggest that a significantly large amount of momentum is imminent in L&T. So, it is also a positional buy."

"I don’t know about the market reaction today, but for anyone who is looking at an investing idea Infosys is an investment at current levels. We should be buyers and we should be holding it for at least 6-8 months."

"HDFC is telling us that it is going at least a 100 points which means about 6-7 percent higher, with a target of Rs 1,850. So, I think the capital raising is not going to impact negatively," he added.

"Bata India and United Spirits are the two stocks for the day which I am now looking at."
First Published on Jan 15, 2018 09:19 am
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