Buy Neyveli Lignite: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Neyveli Lignite has corrected far more than he anticipated. He is assuming that the correction finally in Neyveli is over and this is a stock that investors need to simply buy and forget and traders need to buy, sell at higher levels and then try to buy again.

Sukhani told CNBC-TV18, "Neyveli has corrected far more than I anticipated. I am assuming that the correction finally in Neyveli is over and this is a stock that investors need to simply buy and forget and traders need to buy, sell at higher levels and then try to buy again. The same applies to Gujarat NRE Coke although between the two, I would prefer Neyveli."

Disclosure: The analyst has delta neutral positions in Nifty and investments in shares.