Moneycontrol
Last Updated : Jan 16, 2018 11:00 AM IST | Source: CNBC-TV18

Short HPCL, Bank of India; buy NALCO, Titan: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Nalco, Titan Company.

CNBC TV18 @moneycontrolcom

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is a little confusing today which means I actually have two short ideas. One is Bharat Petroleum Corporation (BPCL) where the decline is now coming to a support point and if that support breaks, the larger decline is imminent and that is probably related to how crude is now crossing, Brent is now crossing USD 70. So BPCL is a short sell."

"Bank of India which is one of the weaker PSU banks and that is saying a lot. I mean PSU banks are weak and this is even weaker than them. These are two short sells, keep short sells only intraday."

"National Aluminium Company (NALCO) is a buying opportunity. This stock had a deep correction. That correction seems to be getting over now and a small and steady up move could be in the offing."

"Tata Elxsi is another buy, a strong rally has happened in most midcap IT stocks. A four day consolidation and that four day consolidation could break on the upside."

"Titan is a buy, it has been in a strong uptrend. There was a three day deep, three days is as much; as a strong stock will give on the corrective side. So that correction is probably over. Yesterday it did cross the earlier days high. I would be a buyer in Titan also as a positional trade as a swing trade. But it is a day of caution for me," he added.

"SAIL and ICICI Prudential are a positional trade."
First Published on Jan 16, 2018 09:06 am
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