Avoid Infosys , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "In Infosys the damage was far more than chart can expect, so we are looking at lower levels or at consolidation. Infosys is not a buy, it's not a sudden buy on dips opportunity now, its best avoid."
He further added, "All midcaps are looking nice. VIP Industries after big bear market is suggesting at least a short relief rally is in the offing, it's already started and that's likely to continue. So for momentum traders VIP is a buying opportunity, keep a stoploss and a target of Rs 104-105 or even higher."
" Shree Renuka was recommended for buying when it was at Rs 27 and at that time it looked expensive and that's how it works. Even now our targets of Rs 34 will be exceeded and we are now looking at Rs 36. So somebody wanting to buy can enter but because of yesterday's big rally enter on a consolidation or some kind of an intraday dip, don't just go long but it's a buying opportunity still."
