Sell ACC, buy cement stocks on dips: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "ICICI Bank specifically has a short trade with some regret because it is not doing the right thing on the charts. PSU Banks will join that party for the day on the downside. ICICI is a short sell, it is not a buy.""I wouldn’t touch State Bank of India (SBI); I would avoid the stock completely because the stronger stocks may not give us the same kind of declines. However the Bank Nifty is weak, there is no doubt," he said. "ACC was a buy in the morning and I would be a buyer in cement stocks on any intraday or any dip. Each trader must define a dip in his own way. However, decline in these stocks is a buying opportunity because there are on the verge of breakout." "Ugar Sugar Works is playing with fire. I don’t even understand those charts."