Sell OBC, Indian Cements, Kaveri Seed; buy IGL, Britannia: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one may sell Kaveri Seed Company, Oriental Bank of Commerce and India Cements.

September 26, 2017 / 11:21 AM IST

Sudarshan Sukhani of told CNBC-TV18, "Britannia Industries is a buying opportunity and Indraprastha Gas (IGL), everyone is looking at that. These are two ideas where buying can be done, no matter what the choppy market is today."

"Three sells includes Kaveri Seed Company where a sharp upsurge was simply momentum driven. Momentum driven stocks come into our news, we talk about them and then they start falling and they fall like hard rocks and that is happening to Kaveri Seed."

"Oriental Bank of Commerce (OBC) is a part of public sector undertaking (PSU) bank pack, close your eyes and short it. PSU banks should be going much lower. I have been bearish on this pack for months."

"India Cements where a large bearish pattern is now visible. It's the most bearish of all cement companies. Generally short selling should be done only intraday because stock specific news can change this in the morning. So we should maintain short positions in the Nifty and Bank Nifty and trade this on an intraday for stocks," he said.
first published: Sep 26, 2017 09:14 am