Buy Nalco, says Sukhani

Published on Wed, Nov 25, 2009 at 10:24 |  Source : CNBC-TV18

Updated at Wed, Nov 25, 2009 at 11:05  

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Sudarshan Sukhani, Technical Analyst

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Buy National Aluminium Company (Nalco), says Technical Analyst, Sudarshan Sukhani.

Sukhani told CNBC-TV18, "Nalco has moved up, consolidated. On Monday we were at the top of a short-term cycle and this morning we are at the lows, so the next one-two days should be for short-term traders - this is all about short-term. For the next one-two days we should be looking at slightly better prices across the board that's why all sorts of sectors are covered today. So Nalco is a buying opportunity for short-term traders, Rs 388 is a stoploss and Rs 400 is a modest target."

  

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