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Buy Muthoot Fin, Tata Steel, Ashok Leyland, Union Bk; sell Torrent Power: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Muthoot Finance, Tata Steel, Ashok Leyland and Union Bank of India and can sell Torrent Power.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Muthoot Finance is a buying opportunity. It has moved in a very attractive trading range and is giving sense of an imminent breakout from that range."

"Tata Steel is a short-term buy. It had two narrow range days. Narrow range days normally resolve on the upside in an uptrending stock and in an uptrending environment. So just take whatever comes your way and get out. Tata Steel is not a long-term bet at all."

"Ashok Leyland is a buying opportunity. This stock has done well, consolidated and it is breaking out," he said.

"Union Bank of India is a part of a public sector undertaking (PSU) bank. It still has attractive price patterns. So there is a momentum trade on that side."

"Torrent Power is a short sell. It was a short sell earlier also. The stock is falling day-after-day and also consider it as hedge against all the buying that we are doing," he added.
www.shristocktips.com

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