Buy Pidilite Industries, Dr Reddy's Labs: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "What is likely to happen is that in a choppy market good quality midcaps will find opportunities to go up. This is a long-term bull market of some kind. So, Pidilite Industries is a buying opportunity, it has come after a long time. If you are seeing the charts look at the stupendous rally and then a consolidation and that consolidation should be breaking on the upside. When you buy on the dip, the dip could be 8,520 for someone, it could be 8,500 for someone. So you have to find your individual comfort." "There were so many buying opportunities on pharmaceutical stocks. Most good quality pharma companies are coming out of a correction. They have consolidated and have broken out and you could actually buy Lupin and Aurobindo Pharma and do equally well," he said. "Dr Reddy's Laboratories is an outperformer, it has built a large base. For the last seven days, it is making what we call a flag and that tells us that the next eventual target is Rs 4,500 from where it is started that decline. Remember in Maruti Suzuki, I had been bearish at Rs 3,200 and we said let us now go and buy. Maruti is now Rs 4,400 or whatever and Dr Reddy's is also going there, it is an investment buy, it is a day trading buy, just go long."