Buy GMDC , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "GMDC has made that bullish head and shoulder pattern and come out of it. It took almost two and half months to develop that pattern. So this is not going back in a hurry. We are going to see significant gains in GMDC. Yesterday the first signs of a breakout have come. It hasn't broken out yet. That means we can actually go and buy it today before what I hope would be a breakout. Position traders take a position and hang onto it. There is much more upside here. The chart patterns are just beginning to turn bullish."
He further added, "Technically Sesa Goa is weak. So essentially it remains a short sell or an avoid for people who don't want to go short. I don't think it's going to hold Rs 200. At some point whether now or in the next correction it should crack and go lower. So this is not a stock we want to buy now."
