Buy Nestle India , says Sudarshan Sukhani of technicaltrends.com.
Sukhani told CNBC-TV18, "I think Nestle is a buy; it's in a small trading range. Nestle is actually a sleepy stock, it's been doing almost nothing but the suggestion is that once it is crosses Rs 4,500 it goes into uncharted territory."
He further added, "We are seeing FMCG being favourites, fair enough and chances are that even in a declining market we could see Nestle crossing Rs 4,500. From the trading range the technical suggests that we are going to see a breakout on the upside but Nestle is not an intraday trade. If you want to hold it for a couple of days it's a good idea."
