Sudarshan Sukhani, s2analytics.com is of the view that one can buy ITC .
Sukhani told CNBC-TV18, "ITC has now done the same thing that the Nifty was doing so far and that LIC Housing . It's in a trading range but the pattern inside the trading range suggests an eminent upside breakout. If ITC is moving up, it's not going to do this alone. I am assuming it will be part of some kind of a Nifty rally; we will just find out."
He further added, "It's wise to watch ITC and it's quite possible that it may give us the first signals whether it's willing to go up. So ITC is again ready to breakout and that would be remarkable. It would then move into new highs. ITC's ascending triangle pattern is a buy. Again the day is going to start soft, no rush; wait for the markets to consolidate. Focus on ITC and LIC Housing."
