Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We buy some of the better looking charts and Jubilant Foodworks is one of them. Jubilant Foods after a mild correction went into a trading range. It has made some kind of double bottom and is now breaking out. Then keep the context in mind Hindustan Unilever is literally flying. Perhaps FMCG stocks are likely to have a good time and Jubilant Foods is therefore a buy due to its sector and due to its own chart patterns."
"The second buying idea is IndusInd Bank. It is inching its way up and that its correction is very nominal and the rally has not really started but it is on the verge of making lifetime highs; that is good news. So we will buy IndusInd Bank and just to balance it out Jindal Steel is a short sale. Jindal Steel is one of the distinct underperformers. All metal stocks are underperformers and Jindal Steel underperforms even in that. That requires a certain amount of ability. So this stock keeps on going down, small rallies have to be sold into," he added.
Disclosure: Analyst and his family don’t have positions in the above stocks.
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