BHEL and L&T may see further upside, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "BHEL and L&T have been underperformers. They have been moving with the market and the chances are that they will outperform in this leg of the up move. It does appear that this up move itself has more steam than we gave credit for. If that happens, then BHEL and L&T which have done very remarkably can see greater upside. They can also surprise us on the upside."
He further added, " Adani Power or even Reliance Power which were rallying till yesterday, they are probably left aside because I don't think we can go and sell in them. Their rallies are just beginning. So it is possible there is more steam ahead. So there are only two options here. It is possible for an aggressive trader to buy into these stocks anticipating higher levels. Momentum is in the traders favor, in the buyers favor. The problem is that power is a badly neglected sector. It's not an attractive sector to trade into. It is like fertilizers. So that problem will remain. But the trade is to go long, not to go short."
