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Short Bank of India, BEML, Cummins; buy Infosys: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Infosys and Jubilant Foodworks.

December 13, 2017 / 11:07 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Stocks are offering shorting opportunities and that is what I plan to take today most of them. Bank of India is a short sell. I have never been enamelled of PSU banks and that theme continues. PSU Bank probably have given up all the gains that they notched up when they had a big gap up few weeks ago. They are going to go lower it seems."

"BEML is a short sell. This is a day trade. You take this short sell and exit at the end of the day with whatever you get. BEML has a choppy chart and some kind of a correction is going on."

"Cummins India is already in a bear market, when the whole market was going up, Cummins was coming down. That is a short sell also. Again try to keep short selling only as a day trade. Gap ups usually favour the bulls not the bears."

"Infosys is a buy. It had a new high yesterday, apparently the correction is now behind it. Jubilant Foodworks which doesn’t stop, it is amazing, lot of pizza probably being used and taken. So, that is a buying opportunity, a small correction is over there."

"Bosch is a buying opportunity. It has a big gap-up a, big range day and then that broke its down trend. So, today I think that should be put in our buy list."

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"Century Textiles should be out of reckoning. There is news and that creates confusion with Century Textiles and Grasim Industries both so not dabble in them anymore. Dr Reddy’s Laboratories and Piramal Enterprises are buying opportunities."

"Reliance Industries would be a buying opportunity together with the Nifty. Once the Nifty turns green Reliance and Infosys are positional trade in that sense," he added.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
first published: Dec 13, 2017 09:41 am
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