Moneycontrol
May 16, 2013 05:30 PM IST | Source: CNBC-TV18

Buy L&T, DLF, says Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Larsen and Toubro (L&T) and DLF. L&T has been in a correction, then a strong rally and is now breaking out of a small consolidation. So breakouts usually have follow-through momentum, he adds.


Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We need to be on the long side, so we will consider buying Larsen and Toubro (L&T). L&T has been in a correction, then a strong rally and is now breaking out of a small consolidation. So breakouts usually have follow-through momentum. That is something worth looking at.”

He further added, "The second buy I would recommend is DLF. It was in a very large consolidation. It is now going out of that Rs 230 resistance level and any breakout from a trading range usually gives a lot of push. So buy DLF, buy L&T, keep a stop loss and if it is working out, carry it for tomorrow."

Sections
Follow us on
Available On