Sell M&M: Sudarshan Sukhani

Sep 20 2017 05:08 PM
Sell M&M: Sudarshan Sukhani

Sudarshan Sukhani of today suggested buying of, "Normally we talk only about buying and especially midcaps in this show and this is the best show to consider the rest of the day. However, today, it is possible to go and buy and sell both. So, I have trades on both sides. The short sell is in Mahindra and Mahindra (M&M). M&M probably is giving us mild momentum on the downside. Remember, short selling should be done only intraday; never carry short trades in a bull market overnight."

"Ashok Leyland and Colgate Palmolive are outperforming stocks. Both are still showing momentum for the day and they are buying opportunities, " Sukhani added.

"Focus only on bluechips. The four best names in the market are luckily the best names in the Indian corporate world. Just divide your money in four parts – Reliance Industries, ICICI Bank, Maruti Suzuki, and Hindustan Unilever (HUL). You can listen and talk about midcaps, but if this is your first investment, focus only on bluechips," he said.

"For next one year, almost all good quality stocks should be held. We are going to see volatility, it is possible that Yes Bank may see significant dips during the year. However, in any 12-month period in a bull market, stocks go up hopefully. So, for a 12 month period, hold Yes Bank. You will probably find better prices one year later," he added.

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