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Last Updated : Jan 11, 2016 01:49 PM IST | Source: CNBC-TV18

Buy United Spirits, NTPC; cement may head lower: Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying United Spitits and NTPC and feels that cement stocks may head lower.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "What we are seeing in United Spirits is a correction. A deep correction and that is natural because the markets are not conducive. I would be a buyer. If you are doing bottom fishing then United Spirits qualifies as a buying opportunity. Do an SIP in some of these stocks by this month, next month. For a short-term trader also if you are willing to carry United Spirits for two to three months, this is a buying opportunity."

"I am not so upbeat on JK Lakshmi Cement because I think cements' correction is not over. Cements will not outperform the broad market and the broad market is likely to go lower," he said.

"Due to the gap down, I am not able to get a sense of what intraday movements could be for most of the stocks and the indices. However, for positional trades, I am very clear that Tata Motors is coming down, no matter what it does. So, if it goes into a rally - today or tomorrow it is a short sell. You buy Put, sell futures and have patience."

"NTPC is the exact opposite. Every dip in NTPC, even intraday dips, is a buying opportunity. The chances are that all kind of traders will make money on the long side."

"I don’t have an opinion on Infosys. I wouldn’t buy it and it is moving in a very narrow range, so maybe the volatility does not justify a trade there."
First Published on Jan 11, 2016 11:13 am
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