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

January 15, 2018 / 10:52 IST
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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."

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"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."