Buy Petronet LNG , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Petronet LNG has been a favourite stock. For the last 1.5 months it's locked in a very narrow range. This is a substitute for a correction, which means the stock is so strong, it refuses to come down, it takes a consolidation as a correction. Now this correction maybe getting over, so it is likely to resume its rally and also make new highs eventually. It is a buy, its just pushing above resistance yesterday."
He further added, " Bombay Dyeing has an interesting chart, it has some strong support at Rs 340 and every time it goes to Rs 340 it finds support and bounces back. Its already bounced back but now that bounce back should take it to its next level of resistance which is at Rs 425-430, so there is some room on the upside here. Yesterday it had a good day, so I suspect that it will continue its rally to reach its first level of resistance and that's the reason why it's worth looking at on the buy side."
