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Sell Hindustan Petroleum Corporation, BHEL, Voltas; buy Dabur India: Sudarshan Sukhani

According to Sudarshan Sukhani of s2analytics.com, one can sell Hindustan Petroleum Corporation, BHEL and Voltas and buy Dabur India.

March 22, 2017 / 09:35 AM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Suddenly, the glass has become half empty, at least for short term traders. Hindustan Petroleum Corporation (HPCL) is a short sell. For some reason it is not going with crude and the charts are literally breaking down." 

"Bharat Heavy Electricals (BHEL) which has had a handsome rally and is almost at the top is a short sell simply because if not anything, it will give us a correction. So, start with an intraday short and see if you want to carry it forward," he said. 

"Apollo Hospitals is another stock I have been bearish on and is now giving us a bearish head and shoulder, telling us a positional short is opening up here. It is already there." 

"Voltas is a same story as BHEL. Very larger rallies and that rally should see a correction if not anything, at least a minor correction." 

"Voltas and BHEL are intraday shorts – you review them. The other two which is Hindustan Petroleum and Apollo Hospital are something you can carry comfortably. Dabur India is a buying opportunity."

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