Buy Hindustan Zinc, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "I would go long in Hindustan Zinc because it’s broken out and made a 50 day high and that is significant. Metals have been fairly choppy. I have been underweight on metals and feeling that they will underperform. But there will be some stocks which do better than others and Hindustan Zinc is one of the better ones so there is a buying opportunity here."

He further added, "At Rs 125 it’s on the verge of breaking significant support levels, so if we see follow-through from yesterday’s gains then a position trader can ride a decent trend and for day traders a target of Rs 130 or even Rs 135 is possible."

The share touched its 52-week high Rs 149.80 and 52-week low Rs 106.70 on 17 Feb, 2012 and 18 Nov, 2011, respectively.
 
Currently, it is trading -14.89% below its 52-week high and 19.49% above its 52-week low.
 
Market capitalisation stands at Rs 53,872.82 crore.