Sukhani upbeat on Gujarat NRE Coke and Nagarjuna Fertilizer

Technical Analyst, Sudarshan Sukhani is upbeat on both the stocks Gujarat NRE Coke and Nagarjuna Fertilizer both the stocks remain in long-term bull markets.

Sukhani told CNBC-TV18, "Gujarat NRE Coke and Nagarjuna Fertilizer are following the broad pattern that momentum stocks are out of favourite. Personally I am upbeat on both the stocks Gujarat NRE Coke and Nagarjuna Fertilizer both the stocks remain in long-term bull markets but that doesn’t mean anything because if they are falling you don’t go and buy them, as I just heard that India is no longer a market where you buy on dips."

He further added, "I don’t think we have been suggesting that for the last two months or so. So you just wait and wait and at some point when the market stops falling Nagarjuna Fertilizer and Gujarat NRE Coke and a host of other stocks will become buying opportunities then."