Buy Adani Ports: Sudarshan Sukhani

Published on Thu, Jan 19, 2012 at 09:00 |  Source : CNBC-TV18

Updated at Thu, Jan 19, 2012 at 13:46  

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Sudarshan Sukhani, s2analytics.com

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Buy Adani Ports and Special Economic Zone , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Adani Ports made a three day dip, which was essentially a correction in an on going uptrend. Good stocks correct for three days, two days, four days as the Nifty apparently corrected for just one day, so that correction is over. Then its original uptrend is likely to be resumed. It did do something good yesterday and we will see very decent follow through today on the upside because the markets are likely to be supportive."

He further added, "Adani Port remains a buy. Have a target of Rs 142. While the environment is supporting of long positions traders must understand that every position should a carry a stop loss with it."

  

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