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Buy Bank of Baroda, Asian Paints: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Bank of Baroda (BoB) and Asian Paints.

October 31, 2013 / 15:27 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Today is a day when one wants to buy financials. Buy Bank of Baroda (BoB). I think we have all heard about the public sector undertaking (PSU) banks. BoB has done remarkably well on the charts today. A stock that opens at the lows and runs throughout the day and closes at its highs. That is what this stock should do. This is also a stock that one wants to carry if someone is a positional trader for next week."

"The undercurrent has suddenly turned bullish for financial companies. IDFC has opened at its lows. The charts for IDFC in any case were quite attractive. It was going through a full whack which is clearly over. This one is going to make lifetime new highs and double itself in the next one year. Be a positional trader here and of course an intraday trade is available," he said. "Asian Paints is a stock one cannot keep down. Every time there is a correction, traders should go and buy it. Today there is no correction, it is simply going up. By the time the market closes, I assume it will close at the highs of the day. So all three of them are worth carrying and certainly worth buying on every dip in the next fortnight."
first published: Oct 31, 2013 03:26 pm

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