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Last Updated : Feb 27, 2018 10:31 AM IST | Source: CNBC-TV18

Sell PC Jeweller; buy Asian Paints, Titan, Sintex: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell PC Jeweller and Bharti Infratel and buy Asian Paints, Titan Company and Sintex Industries.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We don’t know if the range break out is actually happening today. If it is not happening then there will be trades on the short side also. Although my bias is clearly on the long side the short side trades are easy." 

"PC Jeweller has a terrible chart, I don’t know what is going on, but it is probably giving signs of major distribution. So, that is a short sell," he said. 

"Bharti Infratel has been consistently going down and is on the verge of another break out, it is another easy short sell. Short sell should normally be traded during the day and avoided for a carry forward." 

"Three buying ideas, Asian Paints is an excellent buying opportunity. This is really a positional buy. Sometimes we miss the bigger picture. Here is a stock that has corrected a lot and is now willing to probably go higher over the near term. Buy it and hold it." 

"Titan Company is doing well, it is a trading buy, buy it and just see what comes out of it. Sintex Industries is coming out of a deep correction, that process is slow, but I think there is more momentum on the upside."

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First Published on Mar 1, 2017 09:29 am
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