Buy JP Associates for long term: Bose

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » RELATED NEWS Jaiprakash Associates top loser on the Sensex Jaiprakash Associates slips further ALSO READ See previous views by Rajat K Bose See what other Experts & Brokerages are saying about Jaiprakash Asso See messages about Jaiprakash Asso Jaiprakash Asso BSE | NSE 10/02/12 Are Mutual Funds betting on Jaiprakash Asso? Other Stocks in this news Suzlon Energy |

Technical Analyst, Rajat K Bose is of the view that one can buy Jaiprakash Associates with long term perspective.

Bose told CNBC-TV18, "For a long-term investor Jaiprakash Associates could be a buying opportunity. But if the Nifty were to tumble further and my feeling is that we might see Nifty testing 4,350 in the interim then Jaiprakash can go down. Further for a trader maybe Rs 170-172 are likely. For a long-term investor, one can start accumulating at current levels."

He further added, "If one is willing to give another 12-month for fertiliser stocks, this could be a buying opportunity. But for traders, I would rather wait for a buying but definitely this is not a level where I would go short in fertiliser stocks."

He further added, "In Suzlon , I for one would be interested as a trader if it were to cross Rs 284, else I would be looking at it at Rs 245 to Rs 240 odd levels. I am not inclined to buy it for investment right now."