HomeNewsBusinessStocksBuy Bharti Airtel, Hero Moto; HCL Tech may head lower: Sukhani

Buy Bharti Airtel, Hero Moto; HCL Tech may head lower: Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Bharti Airtel and Hero Motocorp and feels that HCL Tech may head lower.

March 09, 2016 / 12:34 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would still be a buyer in Bharti Airtel. Market is prepared for the worst in the stock. It is giving us a bullish head-and-shoulder, so my sense is that this company, or even the two telecom companies could do their own things as the market corrects and consolidates. So, I would still be a buyer.""After the two big rally days, Hero Motocorp has been consolidating for three to four days and that gives a sense that perhaps it is making a bullish flag. If that is so, then another 300-400 points of a rally could be in the offing. It is an outperformer and visibly so. So, apart from the fact that it is a day trade, it would also be a swing trade. You just carry these positions," he said."I sense that HCL Technologies is actually going up, but the markets do their own thing. It is on the verge of breaking down. It would tell us that IT is becoming decisively weak. Markets are very confusing.""Castrol India is a very weak stock. It keeps on making lower lows, lower highs. Some of these stocks can be so easily traded, stocks like Hero Motocorp and Castrol. It is a lot of fun."

first published: Mar 9, 2016 12:34 pm

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