Mar 13, 2012, 10.29 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDIL.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "HDIL has probably a better chart than many of the other real estate stocks. Indiabulls has the best one and yesterday it proved itself. HDIL is a buying opportunity. At Rs 109 I think today if you buy it after the first 15-20 minutes of cooling off there is money on the day trading side as well as you maintain a position. We all understand that there is a budget and the market can decide what it wants to do after the budget, so that caveat is always there, but HDIL without the event appears to be moving in the right direction, which is up.Ē
He further added, " Bombay Dyeing is breaking out. See, all the news is also favorable and the stock is reacting to the news. So itís not just a sell on news stuff, itís probably surprised at the news and doing good things.Ē
ďBombay Dyeing now is breaking out and itís breaking out after a long period of consolidation. So once it crosses that Rs 500 level, itís probably telling us that itís willing to go much higher. That takes time but the trade in Bombay Dyeing today would be to go and find a point where you can go long in it."