Jan 01, 2013 07:35 PM IST | Source: CNBC-TV18

Buy Reliance Capital, says Sukhani

Sudarshan Sukhani, advises traders to buy Reliance Capital.

Sudarshan Sukhani, advises traders to buy Reliance Capital.

Sukhani told CNBC-TV18, “We should probably avoid L&T. It is not going to be a major participant in any rally that comes about. At this point the laggard BHEL should be the preferred choice.”

He further added, “ADAG Group stocks are showing momentum and collectively, not just one of them. So what is happening that Reliance Capital has a much larger higher target in spite of the rallies we have seen? It is just breaking out again to new highs of this uptrend and the patterns are all bullish. The same applies to Reliance Infra.”

He further added, “We are looking at targets that could be as much as 10 percent higher from current levels and Rs 530-550 for Reliance Capital and higher for Reliance Infra. That is not all. Even RComm is promising good things to come. So there is something going on in the ground rather than in individual stocks and momentum traders should try to latch onto it. I think you can just buy Reliance Capital and stay with it for 15-20 days and that should make money.”

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