HomeNewsBusinessStocksBuy Infosys, Tata Steel, Hindalco, Vedanta, Axis Bank: Sukhani

Buy Infosys, Tata Steel, Hindalco, Vedanta, Axis Bank: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, Tata Steel, Hindalco Industries, Vedanta and Axis Bank.

March 03, 2016 / 10:05 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Infosys had two handsome days. It accompanied the Nifty or rather the Nifty accompanied Infosys, it is difficult to say. It is now again on the verge of a breakout and that breakout will take it to its lifetime highs and may be higher. It is a blue chip. If the Nifty is going up I think Infosys is going up with it. You buy it after two large bars and that applies not only to Infosys but to many other stocks. You don’t know how the intraday movements will turn out. We could have a gap-up and Infosys could do nothing for the day and then gap-up again tomorrow or rally afternoon or whatever. So, all the trades I am suggesting are something you have to have the conviction to carry on for the next day." "We could buy most of the metals like Vedanta and Hindalco Industries. Tata Steel is making multiple bullish patterns one after the other. It is probably heading higher for the same reasons," he said."The only bank stock that looks attractive to me on the charts is Axis Bank. If you see the charts, since January it has been moving in a trading range. So, that is something which is easy for me to buy. It doesn’t mean that the banks won’t go up," he added."Charts of Colgate Palmolive are horrible, it has not done anything. The stock has not participated in the rally. I wouldn’t worry about the dividend part. It is probably going down."

first published: Mar 3, 2016 10:05 am

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