Buy Coal India, Hindustan Unilever: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "After we had two big days of declines in Bajaj Finance the stock has moved sideways for the last four days. It is a strong stock and that sideways movement could easily be the end of at least this correction and therefore buying is justified. It is possible that it is finding support." "Coal India has been going up consistently; it has come in my buy list repeatedly. It had a small flag like correction that is fairly bullish because much higher levels should come about and that is happening. So, it is a buying opportunity, there is probably more steam ahead," he said. "Hindustan Unilever has been in a trading range but it broke out of that range. It comes and corrects and then it is on the verge of the making life time highs. I hope it does that this month. It is a buying opportunity. As a swing trader if you don’t have HUL in your portfolio you should have it.""A lot of midcaps are now breaking down. This process of break down is continuous and it is not just one off. I have a sense that a lot of midcap stocks are now willing to distribute and go lower. They have had a handsome rally and that is probably behind us. That is the broad sense I am getting, obviously not all stocks will do that on one day but Godrej Consumer Products is now giving us a bearish head and shoulder pattern. Bearish patterns may or may not work out in a bull market but there are warning signs and there is a short sell there." "The second short sell is Tata Communications. It keeps on coming in my short sell. It has a dismal chart, there is more downside, it rallies and the rally fails at resistance and then it starts coming down.""Jubilant Life Sciences is a buying opportunity, if you are an investor or a positional trader you don’t worry about the gains that it has notched up today. For a day trader, swing trader there is nothing. There are significantly higher level that is coming here."