Apr 27, 2012 07:28 PM IST | Source: CNBC-TV18

Buy ICICI Bank, accumulate Suzlon Energy: Sukhani

Sudarshan Sukhani, s2analytics.com advice investors to buy ICICI Bank for long term and for traders to accumulate Suzlon Energy.

Sudarshan Sukhani, s2analytics.com advice investors to buy ICICI Bank for long term and for traders to accumulate Suzlon Energy.

Sukhani told CNBC-TV, “ICICI Bank chart is telling us that the stock is worth buying if you are a long term investor and it’s not a short sell. It is probably one of the few banks that need not and should not be considered for short selling. Apart from that I don’t see any short term buying indicators here.”

He further added, “One can't sell Suzlon Energy, it’s too low now. There is significant support at the Rs 17-18 levels so it’s not enough decline possible to sell it now. The right approach is to wait patiently, let it go and test Rs 18-18.5 and then it becomes a buying opportunity. I am fairly upbeat on Suzlon and these sharp dips are actually ways in which an investor can accumulate the stock.”

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