Buy Mahindra Satyam, says Sudarshan Sukhani

Published on Tue, Jan 10, 2012 at 11:37 |  Source : CNBC-TV18

Updated at Tue, Jan 10, 2012 at 14:29  

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Sudarshan Sukhani, s2analytics.com

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Sudarshan Sukhani, s2analytics.com is of the view that one can buy Mahindra Satyam .

Sukhani told CNBC-TV18, "You actually buy Mahindra Satyam. It's breaking out and making those small new highs on a lower time frame. Take a target of Rs 80 and it's possible you will get it."

He further added, "All of infra stocks are now giving buying opportunities. There is some justification for going long because they have been beaten down really badly. Now, fundamentally whether it's justified or not, it's irrelevant. Technically a relief rally is already going on. The chances are we add to the momentum."

"In IVRCL we are seeing higher highs now, breakout from a trading range. The target is Rs 36-38. Remember where it was much earlier. So it's worth buying into. Infra is a better opportunity than IT at the current time."

  

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