Buy HPCL; Voltas may slip to Rs 95: Sukhani

Sukhani told CNBC-TV18, “One should buy Hindustan Petroleum Corporation (HPCL). It is a very good chart; it’s on the verge of a breakout that did not happen yesterday. It broke and then pulled back but that doesn’t mean anything, it could work out today. It is doing the same things that BPCL was doing for probably different reasons but go long in it.”

He further added, “There is nothing in Voltas , it was a favourite but that doesn’t mean much because the stock prices simply don’t go up. It is consolidating but I assume it may or may not be today, Voltas is going to crack and go below Rs 100. So Rs 97-95 would be an immediate target and it could go lower.”