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Sell ONGC, Sun Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell ONGC and Sun Pharma.

April 04, 2016 / 09:22 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Oil and Natural Gas Corporation (ONGC) came with a small rally and has faced significant resistance. The overall trend in ONGC is down. So, it is a short sell. Because my view on the markets is generally upbeat, I do not overstay a welcome." "Sun Pharmaceutical Industries had a nice rally on Friday and that rally has pushed into a resistance. Pharmaceutical stocks are not doing well. So, at this resistance level, we are assuming that this could stay, either consolidate here or actually start coming down. So, for different reasons, both are short sells, both are short-term trades," he said."We have Hero MotoCorp in our list for a long time. It keeps on coming. Stocks that are outperforming have strong relative strength.""We have caught all the move in Ambuja Cements, ACC and UltraTech Cement. After a 5-6 day consolidation, Ambuja is expected is again renew its advance."

first published: Apr 4, 2016 09:22 am

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