Sukhani told CNBC-TV18, "Most charts are telling us there is more buying possible but for Jaiprakash Associates, it has come to a level where resistance is also likely. So I think the right way to approach JP is not to buy it today but to wait patiently for some kind of a pull back or retracement. Once JP takes out Rs 82-83 then the next move can be pretty fast but it is wiser to buy it on a dip."
He further added, "I would avoid India Cements . It's a buy in the sense that anything that moves up 14% has to become a buy, it qualifies as a buy, and it has doubled itself. So the right way again to approach it is not to rush into it today but to wait patiently. This requires a lot of patience because stocks are running and the trader says I am being patient. But eventually patience has its reward. So India Cement is also not a buying opportunity now."
