Buy Crompton Greaves on declines, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Crompton Greaves charts are good. Apart from today which we have seen a decline, the last two days have seen a decline for these results or whatever the reason is. The charts suggest that a basing pattern is in place, its bottoming out. So, the stock is actually a buy on declines."
He further added, "I wouldn't touch Reliance Capital at all, infact today its surrendered a lot of the intraday gains and the chances are it will not move much higher. Neither will I touch Reliance Infra. It's fallen so much from high levels that these rallies are irrelevant. The only stock I would look at is, Reliance Communication. Orchid Chemicals rally is probably likely to face significant resistance in the Rs 170-190 levels. At this point its not a buy."
