Buy Larsen & Toubro on corrections, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "We have been talking about L&T even a couple of days ago. It is quite fair to assume that this is probably not the end of this move. If we see a correction in L&T, today or tomorrow depending on how the market behaves - that is a point at which traders will reenter the stock and don't worry about the fact that okay it is lower than what it was yesterday. A correction in L&T represents a buying opportunity, intraday corrections."
He further added, " HDFC is a far better chart. It is the best in the sense that it is a chart that tells us that it is willing to go up even if the Nifty or the broad market were to be a little dull. So HDFC should be the focus. What happened was HDFC did not participate in the rally at all for the last two-three weeks - that probably is going to see a reversion to the mean when HDFC does much better than the broader market. So this is a stock that we really want to go and buy now."
