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Sell Bharat Financial, Tata Steel, Ashok Leyland; buy Castrol, Apollo Tyres: Sukhani

Sudarshan Sukhani of s2analytics.com suggests selling Bharat Financial, Tata Steel and Ashok Leyland and advises buying Castrol India and Apollo Tyres.

April 19, 2017 / 10:01 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Financial is still in a bear market. Tata Steel broke down from significant support levels. I am not upbeat on metals. I think metals will see significant declines. These two are short sells."

"Third short sell is Ashok Leyland. The stock has been underperforming. It is fairly bearish in the short-term. So, another selling opportunity here."

"Two buy ideas. One is Castrol India. It is in a narrow range and is giving the sense of something good coming out, but in this market I don’t know, but I would still be a willing buyer there," he added.

"Apollo Tyres which is an intraday buy on dips, if it closes strong in the evening, carry it forward. Otherwise, exit."

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