Buy BHEL, sell Tata Motors DVR: Sukhani

Jul 09, 2013, 06.23 PM IST

Sudarshan Sukhani of s2analytics.com recommends buying BHEL and selling Tata Motors DVR.

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Sudarshan Sukhani of s2analytics.com recommends buying BHEL and selling Tata Motors DVR.

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Buy BHEL, sell Tata Motors DVR: Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying BHEL and selling Tata Motors DVR.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One can buy BHEL . It has made a fairly bullish pattern. Today it is breaking out that pattern and showing a strong upward momentum. So hopefully this momentum will not only last for the day, but also carry forward for tomorrow."

He further added, "This market is also giving us many shorting opportunities. One of them is Tata Motors. So we are not looking at Tata Motors as such, but sell Tata Motors DVR , which is also in the F&O list. The DVR went up all the way to Rs 145, which was earlier resistance and it stopped almost exactly at that point and started retreating. That also accompanied by a similar resistance in the equity and futures prices also."

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