HomeNewsBusinessStocksBuy Hindustan Unilever, Shriram Transport: Sudarshan Sukhani

Buy Hindustan Unilever, Shriram Transport: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hindustan Unilever and Shriram Transport Finance.

April 28, 2016 / 09:31 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The Nifty may inch up but the trend should remain up without any disturbance. Infosys had this three-four days decline and I was suggesting that we should be buyers in Infosys; there is no confusion on that. Luckily that decline has stopped, it was a normal correction and it is again reassuming its upmove. The stock is very close to lifetime highs. We want to go into a blue-chip stock that is likely to make a lifetime high. It is a positional trade, of course it is swing trade but carry that position. Have some courage and carry it for a long time." "The same story comes in Hindustan Unilever (HUL). It is a very choppy chart. It goes up, comes down and corrects. There are many FMCG stocks that are outperforming. So, it may not be a relative outperformer but for an index heavyweight, it is there, it is available for buying with a reasonable upside," he said."All real estate stocks are giving a bullish pattern; they are making nice consolidation, accumulation patterns and breaking out. Indiabulls Real Estate had a two day narrow range. So that narrow range should resolve itself on the upside. Today is F&O expiry and as we can see the SGX is down, so, I am not sure how it will resolve itself today, however, eventually tomorrow or on Monday. The trend is up, so, I would still be a buyer here." "Almost the same story comes to Shriram Transport Finance. Big rally, consolidation and expected breakout on the upside. So, both are buying ideas."

first published: Apr 28, 2016 09:31 am

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