Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “Interglobe Aviation is a buying opportunity. There is a momentum here and that is probably going to see it higher.”
“Bharat Forge has been an outperformer. Last week when the Nifty was falling, Bharat Forge was consolidating at a standstill. That is a very good sign for a stock to outperform when the Nifty starts rising. So two buying ideas.”
“Third is Lupin. It is a short sell. Pharmaceutical stocks are not coming out of that big bear market they are in. They go and rally and then fall again. Short selling should be done generally only intraday but most pharmaceutical stocks are available on that side. So two buys and one sell,” he said.
“L&T Finance Holdings is in a very strong uptrend. All dips in L&T Finance are buying opportunities. Now you don’t have short positions in strong outperformers. So, if you really have one, you must exit immediately. L&T Finance, M&M Financial are the type of stocks where you just want to be on the long side of the market. If you are a long term investor, even at current level, L&T Finance is a buy.”
“There is no price data for Cochin Shipyard, there is no technical history. So, just on the basis of the fact that it is a good quality government company and we are in a strong long term bull market, it is probably a hold,” he added.