HomeNewsBusinessStocksBuy Dabur, Dish TV; sell ACC, Titan, McLeod Russel: Sukhani

Buy Dabur, Dish TV; sell ACC, Titan, McLeod Russel: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dabur India and Dish TV and sell ACC, Titan Company and McLeod Russel.

October 26, 2016 / 11:53 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Dabur India is bottoming out. It is building a very attractive base. The stock has gone through a deep correction, so it is not a short-term; I mean it is not a day trade. Not even a swing trade if the Nifty becomes choppy and comes down. Dabur is worth buying today, if you want to hold it for a few days may be post Diwali." "Second buy idea is Dish TV, it had a handsome rally yesterday, that should see follow through because that rally is also on the verge of breaking from a trading range. So, there are two buy ideas - Dish TV and Dabur. Dish TV something you can buy it today whenever the market stabilises," he said. "Three short selling ideas, after many trades, after many days. One is ACC, it has made a massive distribution pattern; I don’t know what is going on there and in Ambuja Cements, something is wrong." "The second short sell is Titan Company. The stock has been going in some kind of a mini bear market. Again it is festive season and here is the stock that should have been rallying but keeps on falling. It is worrying. Charts themselves say more downside is coming.""Clearly the tea prices are not doing anything to McLeod Russel. It is on the verge of a significant breakdown again. So three short sells and two buys.""Canara Bank is a short sell. I think PSU banks are now going to come down, it is just a probably a matter of time. One of my erstwhile favourites Bata India is another short."

first published: Oct 26, 2016 09:12 am

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