Sudarshan Sukhani, s2analytics.com advises traders to buy ONGC on decline.
Sukhani told CNBC-TV18, " Coal India and ONGC, both have absolutely opposite viewpoints on the charts. Coal India is in some kind of a downtrend. It has made a distribution and is cracking down. Sometimes it goes up, it is a blue-chip but the overall trend is down, it is going through a deep correction or even a minor downtrend. We should look at lower levels."
Sudarshan Sukhani, s2analytics.com advises traders to buy Hindustan Unilever Limited (HUL).
Sukhani told CNBC-TV18, " Hindustan Unilever Limited (HUL) has been recommended for buying. There is more upside here so the stock has been battered and building a minor base at least for the short-term. So, HUL is something that I could easily recommend and I have it in buy list."
Ambareesh Baliga, Market Expert advises traders to buy Shree Renuka at current levels.
Baliga told CNBC-TV18, "Sugar stocks, suppose in the last 2-3 years this could be the tenth time we are hearing about decontrol and whenever that news comes you have a movement. So, something like Shree Renuka could possibly move to levels of about Rs 31-32 but beyond that would be difficult. So, from a trading point of view at these levels one can buy."
Sudarshan Sukhani, s2analytics.com advises traders to sell Reliance Capital on rally.Reliance Communications may outperform if Nifty remains choppy.
Sukhani told CNBC-TV18, "Reliance Communications has come to a very strong support level. So, given conducive environment and I am repeating this again that if the Nifty is going to come down none of these stocks will independently move up. However, if the Nifty remains choppy and if it goes up Reliance Communication is likely to be an outperformer. So, we should watch it."
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