Sukhani told CNBC-TV18, "Century Textiles has gone through a very deep correction, almost a bear market and that seems to be getting over. It's now bouncing up. Its pullbacks and retracement are shallow. The rallies are much higher. So Century Textiles is a fairly decent buy. Today intraday traders should focus on some of the midcaps because the Nifty itself may or may not continue its significant rally today but midcaps will."
He further added, "I am very cautious on ADAG stocks, in spite of the significant rallies we have seen. Reliance yesterday failed to hold its intraday highs. It closed lower. It closed higher than the close previous, but lower than the highs. One day we will see all of these stocks come tumbling down except for Rcomm and Reliance Cap will be the leader in that pack. So any signs of weakness in the market I think I would go and look to buy puts in this stock."
