Above Rs 34, Shree Renuka Sugars can add Rs 6: Sukhani

Sukhani told CNBC-TV18, "I think Coal India is a very good chart. We have been upbeat on it and it is doing the right thing. It’s a slow mover and so far it makes money for investors, which it is doing and as a short-term trade also there is life in it."

He further added, "Shree Renuka corrected from a level of Rs 34; Rs 34 is resistance. If Shree Renuka crosses that resistance it’s probably good for another Rs 6, 15% or even if they are lucky 20%. So I would be a buyer after this correction. Take a small risk and assume that if not now in the next few days sugar and Shree Renuka specifically will cross that resistance level."