Buy Tata Steel, Vedanta: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Steelhas just made a breakout yesterday and it has reached first target of Rs 300, it is crossing that and probably promising higher levels. So, it is probably the easy buy in the metals. Vedanta is also an excellent buy, more of positional buy but it is there.""Reliance Infrastructure has more legs, most stocks have more legs if you ignore the intraday volatility which is likely to come in and stay with these stocks on the long side. Reliance Infra had a nice rally and that rally went into a flag and broke out yesterday from the flag, promising much higher levels," he said. "The stocks that I am picking up today because of the four day weekend, the stocks that have actually build bases and broken out and after brief correction they are renewing that advance. That is always a safer option, it is just relatively safer. Hexaware Technologies has done the same thing with a large base breakout, a small consolidation and then a subsequent breakout tells us that the uptrend is very well intact.""I was positive on Hindalco Industries, it was just a matter of chance I selected Tata Steel. Indiabulls Real Estate is also giving similar bullish pattern and a bullish head and shoulder on the verge of breaking out and that is a swing trade. These trade will make money if you hold them for a few days. However Indiabulls Real Estate should be attractive today." "There is no take profit coming for people who are maintaining positions. Hindalco has been in our but list repeatedly. You hold on to it if you have it. I wouldn’t buy after a 4 percent rally. All stocks consolidate, the buying is coming in Vedanta which is just breaking out today. That is attractive, so for the day it would be Vedanta rather than Hindalco."