Buy BGR Energy , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "BGR Energy fell all the way to Rs 170-175. Since then it has been consistently rally. Then it had a three week trading range out of which it has just broken out. It's like the Nifty breaking out above the levels we talked about, but BGR has already done that. That's a good sign. That suggests that the uptrend we saw was not just a bear market rally, it's probably a reversal. Yesterday it made those new highs in this current bull trend, breaks out of a trading range, does all the right things for a buying opportunity."
He further added, " Zee Entertainment Enterprises is now doing the most appropriate way that a stock should be bought into. It rallied then corrected for five days. That's a dip. So when we say buy on dips this is a classic example of a buy on dip. That dip is over. We have seen two days of small gains. It's reasonable to assume that the recent highs at Rs 135 will be taken out and Zee will cross them."
