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Jan 23, 2013, 06.20 PM | Source: CNBC-TV18

Buy Jaiprakash Associates on correction: Sukhani

Sudarshan Sukhani, s2analytics.com advises traders to buy Jaiprakash Associates on correction.

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Buy Jaiprakash Associates on correction: Sukhani

Sudarshan Sukhani, s2analytics.com advises traders to buy Jaiprakash Associates on correction.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Sudarshan Sukhani, s2analytics.com advises traders to buy Jaiprakash Associates on correction.

Sukhani told CNBC-TV18, “Infra stocks are not buying opportunities but I would still be upbeat on them. The problem is that we are talking about these companies on a day when infrastructure is literally collapsing. That does not mean that these stock prices will go to zero. It means that this time there is a deep correction going on.”

He further added, “I would still be a buyer in JP Associates but that does not mean we buy it now. We have to be patient till this correction gets over. Any decline in Jaiprakash Associates is a correction, it is not a bear market. Lot of this will work out once the decline stops that could take a week, a day or a month.”

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