Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tech Mahindra is a positional buy, which means if you want to put some money in this market, then look at Tech Mahindra, buy the stock, buy the equity, and hold onto it. There is a significant rally that seems to be coming here.”
“Apart from Tech Mahindra, Nestle is a buying opportunity. This is a bull market, it is not a bear market. We are only going through a correction in a bull market.”
“There will be a lot of buying opportunities as the Nifty slides down, Nestle is one of them even now. After five or six days of a correction, it had a good day yesterday and that could easily continue.”
“Cummins has been a very disappointing chart, I have been bearish on it. However, now for the last two months, it is building a base of some kind. It is worth buying for the day and then we find out, if it holds on to its levels, we can carry it, otherwise the stoploss is always there. However, it is worth taking a chance now on Cummins because of that impending base building.”
“Two short sells. Chennai Petro had a bad day yesterday as the decline that keeps on continuing there.”
“Godfrey Phillips which is in the F&O, is also a short sell. So primarily expecting a choppy market, but I am willing to have my neck on the block and go long,” he said.
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