Aug 13, 2012, 10.47 AM IST

Buy Apollo Tyre, says Sudarshan Sukhani

Buy Apollo Tyre, says Sudarshan Sukhani of s2analytics.com.

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Buy Apollo Tyre , says Sudarshan Sukhani of s2analytics.com.


Sukhani told CNBC-TV18, "I would buy Apollo Tyre. It was a buying idea earlier last week. It has made a bullish pattern and broken out. I would expect this momentum to continue. Traders have to time it whether they want to buy it now, midday, tomorrow that’s a different issue. But I can expect a target of Rs 90 eventually.


He further added, " Indraprastha Gas is giving a sense that it’s emerging from a decline. It has been building a consolidation, a base and coming out of it slowly. But it is not a day trading idea. I do not think anybody can buy IGL today and expect big rallies by the afternoon. It is certainly a position investing idea. I think IGL is coming out and probably moving much higher."


 


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