According to Sudarshan Sukhani of s2analytics.com, one may buy GAIL India.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India is a buying opportunity. The stock is gaining ground even in spite of the fact that the Nifty is a mild loser. GAIL is also coming out of a trading range and giving signs of an imminent breakout. So a strong stock on a good day on a strong pattern is something we want to buy."
"Mcleod Russel (India) is already at new highs for this upmove. New highs should always be bought into. Another stock that is gaining in spite of the fact that the Nifty is weak is also moving towards new highs. So here is a stock we want to buy today and if necessary even hold till tomorrow," he said.
"We want something to go and sell into and that is the cement pack. All the cement companies have rallied and those rallies were bear market rallies. Those bear market rallies have completed, spent themselves and a new downtrend has started. So for that UltraTech Cement is probably an appropriate opportunity. This is a short-term trade. We are not looking at a bearish scenario in cement for long. It is just a small correction but worth trading on the downside."
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