Feb 05, 2013 07:44 PM IST | Source: CNBC-TV18

Buy Puts of Sterlite Industries, says Sukhani

Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.

Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.

Sukhani told CNBC-TV18, “The index is a short. Now what tomorrow brings is different. But we suggest carrying the short positions ideally as Nifty Puts and carry them for tomorrow. There are any numbers of opportunities; most of them are unfortunately on the short side. Sterlite is now ready for a sharp dip- that’s a positional trade infact and Puts can be purchased for that.”

On Feb 05, Sterlite Industries (India) was quoting at Rs 107.80, down Rs 1.90, or 1.73%. It has touched an intraday high of Rs 109.50 and an intraday low of Rs 107.15.

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