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Sell Amara Raja, Kajaria Ceramics; buy BEL, Dabur, hold Coal India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Amara Raja Batteries and Kajaria Ceramics and can buy Bharat Electronics and Dabur India while one can hold Coal India.

October 12, 2017 / 12:46 PM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Amara Raja Batteries is a short sell. The stock is now in a bear market. It keeps on breaking support levels, so, it is probably a relatively easy short."

"Bharat Electronics (BEL) is a buy. The stock has been an outstanding performer and in a choppy market like today, we want to focus on outstanding performers. So BEL and Dabur India are buying opportunities. All the trades are only for the day."

"Bharti Infratel has sort of a roof on its prices. There is strong resistance, so the movements we are seeing are more or less random, just very short term news driven. I don’t think there is an opportunity there."

"Coal India is still an under performer even on the charts. However, as a matter of tactics, I think one should hold. We are in a bull market, in a bull market good quality stocks which are down for some reason, do come up at some point or the other. So for the next one year, one should hold on," he said.

"The short term view on Kajaria Ceramics is that one could sell and exit because the chances are the stock prices will consolidate for a long period of time, many months maybe. There is a longer term view on most FMCGs, consumer durables that you hold on to them," he added.

first published: Oct 12, 2017 12:45 pm

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