Sudarshan Sukhani of s2analytics.com recommends buying L&T, Adlabs Entertainment and Cox & Kings while he advises selling Apollo Tyres and Bharti Infratel.
Sudarshan Sukhani of s2analytics.com 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!
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First Published on Feb 8, 2017 09:35 am