HomeNewsBusinessStocksBuy M&M, LIC Housing; sell Jain Irrigation: Sukhani

Buy M&M, LIC Housing; sell Jain Irrigation: Sukhani

Sudarshan Sukhani of s2analytics.com recommends selling Jain Irrigation Systems and advises buying Mahindra and Mahindra and LIC Housing Finance.

January 07, 2015 / 17:40 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jain irrigation has been in a bear market of its own even while the market was going up. It is on the verge of breaking a support level. So you can consider going short in Jain Irrigation."

"Consider buying Mahindra and Mahindra. M&M is having a good day today. It is also standing at strong Rs 1,200 support. So, this support if not anything can give us a minor bounce on the upside. So that is good enough for a BTST trade," he said.

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"LIC Housing Finance had a minor correction. The stock hasn't corrected and today it is doing rather well recovering a lot of yesterday's losses. So LIC Housing is an outperformer, it is just not a buy today and sell tomorrow call. You might actually like to buy it and hold it in your portfolio."

first published: Jan 7, 2015 03:27 pm

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