Buy India Cements: Sudarshan Sukhani

Published on Fri, Jan 20, 2012 at 10:54 |  Source : CNBC-TV18

Updated at Fri, Jan 20, 2012 at 10:59  

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Sudarshan Sukhani, s2analytics.com

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

Sukhani told CNBC-TV18, "In the markets you have to either buy or sell. But Reliance Infra is not a sell. Yesterday it made a very big move. It's not a buy. I have to qualify it as a buy because the markets don't allow anything else. It's now at Rs 500 resistance. I don't see that stock moving out rapidly. In any case we should avoid it."

He further added, "India Cement has a nice chart. It made that small base. It is a very low-beta stock in a low-beta sector, but given those limitations it's coming out of a small base and therefore there is some movement on the upside and it's a relatively safe sector to be in. So India Cement is probably a position trade rather than a day trade, but it's worth buying into."

  

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