Buy JP Associates, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "I would buy Jaiprakash Associates; there was a very deep correction yesterday. The trend for most infrastructure stocks is up. The only point is that trading tactics must also be understood. When the markets will opens, there is no rush to buy any of these stocks. But after two days of corrections they probably are wroth buying for the day trader or for the swing trader. I am looking to buy if it remains stable for a short-term target of Rs 78."

He further added, "These stocks will eventually correct, which is what they are doing. But this correction could also be choppy which means we will have down days as well as up days. The correction could be sideways, mildly down. So HDIL has already seen its own correction for at least a short-term; two down days, again it’s ripe for a relief rally or a genuine uptrend. So today the attitude should be to go long in it and not to try and sell."