Sudarshan Sukhani of s2analytics.com is of the view that one can buy Sun Pharma and sell Hexaware Technologies.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are only short trades in the PSU banks At some point, Axis Bank will become a buying opportunity, but there is no rush because it is an index stock and the sense is that the index is coming down further. Among the top private sector banks, Axis Bank is my favourite."
"Sun Pharma is one of the best pharmaceutical stocks. So, it is a buying opportunity. I am not sure about a day trade, but if you want to carry it for a few days, even a swing trader can buy it," he said.
"Hexaware Technologies has come in our sell list multiple times and even today, after a big decline and a big gap down, it is a short sell, probably on some minor rallies. There is much more downside."
"Close your short positions in the Nifty. HDFC is giving the sense of a significant breakout, so I do not know about a day trade, but you want to buy it and hold on to it for a few days to a few weeks, depending upon your risk appetite."The Great Diwali Discount!
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First Published on May 5, 2016 11:23 am