SENSEX NIFTY
May 02, 2013, 06.26 PM IST | Source: CNBC-TV18

Buy Havells India, Aurobindo Pharma: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Havells India.

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Havells India .

Sukhani told CNBC-TV18, "The market is up so today there is no need to go and experiment with a short position. We want to buy Havells India. It has moved out of a consolidation. It was already in an uptrend, so the breakout is a continuation of the existing uptrend. Any breakout has some momentum, may be by today 3.30 PM that momentum should give us some points on the long side."

He further added, " Aurobindo Pharma has made a very attractive bullish breakout, it is an ascending triangle. Such breakouts usually tell us that a significant up move is coming, so it is worthwhile getting in today as this move is just beginning to take shape."

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