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Hold 63 Moons Technologies, buy Amara Raja: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may hold 63 Moons Technologies.

December 26, 2017 / 12:41 PM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "63 Moons catches my attention. It has been a vertical rally. I have no suggestions; if you own it, good for you. I cannot say you buy it now. So, for people who have it, stay and ride the trend, but difficult to suggest an entry."

"Reliance Industries is a bluechip and has much longer rallies ahead of it. Then go for Infosys. Between Tata Consultancy Services (TCS) and Infosys, Infosys is now willing to cross hurdles which TCS may eventually face. Inspite of the all the news, it is a better buy on charts. Finally end with Hindustan Unilever (HUL). So you have three bluechips in the portfolio which are largecaps. Midcaps will keep on coming and going."

"Tata Steel is breaking out of a six week consolidation. That is a buy, not just an intraday buy, you could actually hold a position for few days in it. Amara Raja Batteries had a big bear market and that bear market seems to be over. Actually it is getting over for Exide also. However, Amara Raja is a better chart as of now. A sharp rally, a consolidation, and I assume a resumption of the rally; that is a buy."

"ITC at least for the short term is a buying opportunity. Be on the buy side of the market. This 10-20 points that the Nifty falls, is irrelevant."

"One should sell-off Grasim. It has nothing going for it; it is poor on the charts, it is also more of a holding company, and I am also very ensure exactly what it does nowadays. So just get out of the stock, if at all you want to go, then UltraTech Cement is a far better option. Grasim also holds shares in cement companies, but directly buying UltraTech Cement is much better, sell Grasim."

Close

"Just on the charts of Cummins India, I would say avoid it. There is no need to buy it. This is a complete underperformer; the market went up and Cummins went down. That is not the stock we want to buy. Much better is Larsen and Toubro (L&T) if you want to stay in the same sector or even Siemens. However, I would say avoid Cummins unless something very deep in terms of news."

"JSPL, I am not talking about value, it is a better momentum stock as compared to Sail. For traders, JSPL is a much better opportunity to buy on dips," he added.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
CNBC-TV18
first published: Dec 26, 2017 12:04 pm
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