Buy Strides Arcolab; short Lupin: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Strides Arcolab was a star was in our buy list yesterday and that continues. I don’t know whether you can day trade in either of them. You have to have some patience if you want to make money in pharma stocks. However, if you buy now and hold for a few days or a couple of weeks then you should get higher levels.""I wouldn't sell most pharma stocks but Lupin in now an exception because the stock is telling us that a big distribution has been confirmed and lower levels are coming. Generally it is very difficult to sell pharma because of news, suddenly something comes up and it goes up 3-5 percent. So, it is not a day trade but we want to build the position, buy some Puts and stay on the short side in Lupin."At 10:54 hrs Strides Arcolab was quoting at Rs 1,369.05, down Rs 12.55, or 0.91 percent. It has touched an intraday high of Rs 1,400.00 and an intraday low of Rs 1,361.00.