Sell Godrej Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "For today, the long positions should be maintained in the Bank Nifty and the Nifty both; this is the theme since we started in the morning and that should continue till tomorrow. Following this theme we also have stock ideas which largely follow the idea of buying. One of them is Larsen & Toubro (L&T). It is doing its own thing. I don’t think L&T is a positional trade, I wouldn’t advice buying and then holding for week’s altogether because I am not so sanguine about the Nifty. However, for today L&T is an excellent buying opportunity even as we speak expecting markets to close at the highest levels and L&T to follow the same fashion. So, L&T becomes a buy."

He further added, "The second buy I would recommend for now and something that you could carry for tomorrow is Hero Motocorp. It is one of the better stocks in the universe, it has been in a trading range, it is breaking out again and renewing its advance. So, here is another opportunity to buy a bluechip. One of the advantages of buying bluchips is that the risk is small. Even if you end up with a small loss you know it will cover up sooner or later."
"The third is a short selling idea. Godrej Industries has been a disappointment. It is underperforming the market in different phases and ways. So, you sell Godrej Industries, expect lower levels by 3:30 pm and even maybe tomorrow."