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Jun 09, 2012, 02.45 PM IST
Buy India Infoline, says Sudarshan Sukhani of s2analytics.com.
Buy India Infoline , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I have been upbeat on Reliance Capital for some time. It is making the right patterns and it had come in our buy list earlier but after yesterday’s big move, Reliance Cap has run into resistance. So for the trader who is prepared to take some pain and make a positional trade, Reliance Capital is still a buy with a target of Rs 375, it is pretty ambitious. But for anyone who is looking for short-term trades, I would say that a pullback is necessary before you enter eliance Capital."
He further added, "Technically India Infoline is good for more but it is not one of the better stocks. So when we have lot of options to choose from, trade and determine our security list, India Infoline wouldn’t come in that list. But purely on the charts it has broken out of a trading range, then it went into a very big move yesterday, which confirmed that the breakout is genuine, so it’s a buy."
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