Buy TCS, Infosys, HUL, REC, Shriram Trans; sell JSPL: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I have a buy on Tata Consultancy Services (TCS). The CNX IT itself is suggesting that it may be bottoming out, so TCS is a buying opportunity. If it works out, we are almost buying at the lows; that is always a good position to be in.""Wipro is a complete avoid. If the CNX IT index will go up, it will be because of TCS and Infosys. We don’t have to dabble in Wipro and not in Tech Mahindra. So just focus on these two stocks. Rather than go for the index, I thought I had given Infosys as a buy last week and TCS now. Just buy these two stocks, it is enough," he said. "The other buy is Hindustan Unilever (HUL). HUL is at the lows of a big correction. Now, if this correction is ending here then there is some sense that it maybe, then here also we are buying at the lows of what is a bluechip company. It is worth taking that chance. It had a good day on Friday and for all we know a test of the lows has been made on Friday itself." "Rural Electrification Corporation (REC) has been on a roll anyway. It is making new highs, then consolidating for a couple of days, breaking out again, so, here we are buying into momentum, we are buying into strength. I would assume that this momentum should continue.""The fourth of my buying idea is Shriram Transport Finance. Again, we are trying to buy at the lows, the idea being that if the Nifty is consolidating prior to a breakout, then good stocks which are bouncing off their earlier lows and finding support should be outperformers. So, Shriram Transport Finance, a bluechip company, is again a buy. Just to cover it up, there is a short sell in Jindal Steel & Power. It is a very disappointing chart, so if nothing happens it would easily slide down."