Moneycontrol Be a Pro
Get App
Last Updated : Feb 08, 2017 09:35 AM IST | Source: CNBC-TV18

Buy L&T, Adlabs, Cox & Kings; sell Apollo Tyres: Sukhani

Sudarshan Sukhani of recommends buying L&T, Adlabs Entertainment and Cox & Kings while he advises selling Apollo Tyres and Bharti Infratel.

Sudarshan Sukhani of told CNBC-TV18, "I would had have loved to buy Bharat Heavy Electricals Limited (BHEL), but I have no idea whether there will be follow through or there will be a consolidation. Larsen & Toubro (L&T) luckily is giving us almost the same momentum, not in the same magnitude, but the uptrend is intact and comfortable. So, L&T is a buying opportunity, perhaps it will not be as affected by whatever the RBI is doing or not doing."

"I also have two midcaps for buying. This is a much easier environment to go and buy midcaps and so many midcaps are building bases and willing to break out."

"Adlabs Entertainment has been moving in a trading range for many months now and is just breaking out of that range. So, Adlabs is a buying opportunity. Midcaps are never day trades, you have to buy them and hold them and that is fair enough," he said.

"Second buying idea is Cox & Kings. This is already in an uptrend, then it went through a minor correction and that correction ended yesterday as the stock actually gained. So, we are really buying after a minor dip or the correction is complete."

"Two short selling ideas also come up. Tyre stocks are looking weak and tired and actually going into some kind of a deep correction. So, Apollo Tyres is a short sell."

"Bharti Infratel after that big decline consolidated for two to three days. It is probably going to resume its decline. So, two short sells in the F&O space, two midcap buys and L&T which seems to be now good for any occasion."

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Feb 8, 2017 09:35 am
Follow us on
Available On
PCI DSS Compliant
Make every wish come true
10% CashBack on Apparel
10% CashBack on Electronics
Swipe & Win iPhone 11 every hour