Buy ITC at Rs 140

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Technical Analyst, Sudarshan Sukhani See what other Experts & Brokerages are saying about ITC See messages about ITC ITC BSE | NSE 09/02/12 Are Mutual Funds betting on ITC? Other Stocks in this news Reliance Industries | Tata Consultancy Services |

Technical Analyst, Sudarshan Sukhani is of the opinion that one can buy ITC at Rs 140.

Sukhani told CNBC-TV18, " TCS looks the best again its part of that IT pack and that sector, is outperforming and also promising better returns. So it is a class apart at this point. Reliance Industries looks relatively weaker and I would assume that it might actually go and consolidate for some period of time."

He further added, "ITC is in a range; its not coming out of that. It's now under performing and going through a correction. If the markets dips or corrects it could easily come to Rs 140 where it would be a wonderful buying opportunity."