Sukhani told CNBC-TV18, " Dish TV was in a bear market, and then it started consolidating. That choppy consolidation suggested sometimes an up move, sometimes a down move. I think now that the trend is quite visible. There is a reversal of the downtrend. Dish TV is now inching its way upward, therefore there is a buying opportunity here. The morning weakness needs not be bought into, wait for consolidation, but Dish TV seems to be doing what Crompton Greaves did earlier. It's basing and now the base is breaking on the upside."
He further added, "Lupin is again going through a choppy period, which is why it alternates between buy and sell. But Lupin has already seen a deep correction. The rally was not significant, so to that extent it was underperforming. But it does appear sometimes that Lupin is probably basing out, probably bottoming out that is why these alternate bouts of selling, buying, but again it's worth buying into because if this is a bottoming out process one of these buys will see a big up move. So we just have to keep on probing till we get that big buy. Lupin is currently a buy. I don't think we will go and short-sell it now."
Disclosure: I have no personal holding in the above stocks.
