HomeNewsBusinessStocksBuy L&T, NCC; short Shriram Transport, Jubilant Food: Sukhani

Buy L&T, NCC; short Shriram Transport, Jubilant Food: Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Larsen & Toubro and NCC and advises shorting Shriram Transport Finance and Jubilant Foodworks.

December 13, 2016 / 11:10 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The top calls are little confusing; the markets may stabilise and there are some buying opportunities. Larsen & Toubro (L&T) is one of the better buying opportunities. It is also a position trading idea; you can actually make an investment and wait patiently till the Budget, at least." "NCC is another stock that suggests that the entire infrastructure group is now coming out of a correction. It is probably going higher. So, at least there is an intraday trade there," he added. "The third is a complete buy on dips stocks, Hindustan Unilever (HUL). It had a bad day yesterday; if the market stabilises at current level today, it could see a rally. All three are short term, probably intraday trades on the long side." "The deeper trades are Shriram Transport Finance for going short. You could hold it for a few days. My favourite short is Jubilant Foodworks; again you could hold both these shorts for a longer period and hold the longs just for today." "Tata Motors would be a short sell but not in the morning; at some point of time - today or tomorrow." "Tata Consultancy Services (TCS) is a buying opportunity. I don't know if TCS qualifies as the stock in news but it is something worth looking at for a buy."

first published: Dec 13, 2016 10:02 am

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