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Buy Sun TV, HUL; sell Bank of Baroda: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Sun TV Network and Hindustan Unilever.

June 19, 2017 / 09:19 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sun TV is a buy for me. It is in a trading range after a very small decline, I think it is probably going to move out of that range with the momentum that I hope will build up in favour of the bulls. Kajaria Ceramics is likely to break on the upside, it has been an outperformer. It is in the F&O segment now and that momentum upside should continue."

"The third is Hindustan Unilever (HUL). It had a very bad day on Friday and that is good news because it means we are buying at the lows of a three-day correction. So I would be long in that. Finally, Bharat Forge, it is probably going to come in everybody’s list. Here is an outperforming stock coming out of a small correction."

"I have one short sell – I do not think you should be short selling today but I put it in the list just to give a message, I am very downbeat on public sector undertaking (PSU) banks. So Bank of Baroda is a short sell. But the real message is that you want to avoid these on the buy side."

"BPCL will find its feet because it is falling day-after-day. I think the lows are probably going to come in very soon. So for a bargain hunter, even a short-term trader the slightest sign is that the stock falling is a buying opportunity," he said.

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