May 16, 2013, 05.30 PM IST
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Larsen and Toubro (L&T) and DLF. L&T has been in a correction, then a strong rally and is now breaking out of a small consolidation. So breakouts usually have follow-through momentum, he adds.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We need to be on the long side, so we will consider buying Larsen and Toubro (L&T). L&T has been in a correction, then a strong rally and is now breaking out of a small consolidation. So breakouts usually have follow-through momentum. That is something worth looking at.”
He further added, "The second buy I would recommend is DLF . It was in a very large consolidation. It is now going out of that Rs 230 resistance level and any breakout from a trading range usually gives a lot of push. So buy DLF, buy L&T, keep a stop loss and if it is working out, carry it for tomorrow."
Action in Larsen and Toubro
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