Sell KPIT Tech, buy Tata Global Beverage: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It does seem that the Bank Nifty could do well. HDFC Bank is giving us the pattern of small consolidation and an imminent breakout. These are short-term trades but short-term trades should be rewarding, so generally banks should be doing okay.""Rural Electrification Corporation (REC) is again part of these non-banking finance companies (NBFCs). REC and Power Finance Corporation (PFC) have come on from deep corrections. There seems to be some kind of base building already in place and REC is the better of the two. There is a sense that it is going higher, it is making higher highs higher lows and today it is breaking out from a two day range. For a short-term trade REC is a good," he said."KPIT Technologies is part of the IT pack which is generally underperforming except for exceptions like HCL Tech is also doing well. KPIT Technologies is a clear underperformer, so there is a short sell here. I have to warn that sometimes these trades can go haywire because of the F&O expiry dynamics. However, the trend is intact on the downside for KPIT and on the upside for HDFC Bank and REC.""Tata Global Beverage is an attractive idea, it breaks out above Rs 140 and then it becomes a buy, so already much higher than Rs 140 now. It is a buying opportunity. The problem with Tata Global and Tata Coffee has been that they almost always after these breakouts stall at higher levels. So, between the two, Tata Global is a buy - you never know this could be a real move towards Rs 180. So, we should be long here if somebody wants to."