HomeNewsBusinessStocksBuy Hero Moto, Marico; sell Tata Steel: Sudarshan Sukhani

Buy Hero Moto, Marico; sell Tata Steel: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hero MotoCorp and Marico and advises selling metal stocks including Tata Steel.

January 20, 2016 / 10:14 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "You can buy Hero MotoCorp, you don’t even have to wait for 10:00 AM. Now, it will give a knee-jerk reaction to the market today because it has a fairly upbeat pattern and that tells us that a small rally is coming if not anything else. We are only looking for small rallies.""Marico is a buying opportunity and I would say that if prices open lower today and hopefully they will be for buys at least, we are hoping that, then you buy at a lower level. If you see the charts for Marico, after that big run up, it is consolidating. It has not participated in the Nifty decline and that tells us there is relative strength and maybe it could go its own way," he said. "Metals are going through a lot of trouble. Small rallies that we see in metals are really opportunities to go and short sell again and that includes Tata Steel where we saw some handsome gains but that is also a short sell. So, generally, metals are going to look at lower levels and I am sometimes thinking how much lower can it get."

first published: Jan 20, 2016 09:45 am

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