Buy BHEL, says Sukhani

Published on Fri, Feb 17, 2012 at 15:25 |  Source : CNBC-TV18

Updated at Fri, Feb 17, 2012 at 15:32  

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Sudarshan Sukhani, s2analytics.com

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Buy BHEL , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "You buy BHEL inspite of this 10% rally. In the morning also I had suggested that BHEL is going to be an out performer. It's only a question when. So it was a pleasant surprise that the market obliged us by doing it one hour. At current prices BHEL is an investment buy. There is no confusion on that."

He further added, " BGR Energy is going up. The strategy is, wait for intraday consolidations, go long and keep a tight stop loss."

"I am not very keen on Reliance Power . The stock has doubled itself. But in power, Tata Power has a far better chart. Again the same story Reliance Power did a V-shaped rally; a V-shaped reversal whereas Tata Power built some kind of a base and then moved up. So we have a choice and I would prefer Tata Power."

  

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