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Feb 05, 2013, 07.44 PM | Source: CNBC-TV18

Buy Puts of Sterlite Industries, says Sukhani

Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.

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Buy Puts of Sterlite Industries, says Sukhani

Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Sudarshan Sukhani of s2analytics.com advises traders to buy Sterlite Industries Put.

Sukhani told CNBC-TV18, “The index is a short. Now what tomorrow brings is different. But we suggest carrying the short positions ideally as Nifty Puts and carry them for tomorrow. There are any numbers of opportunities; most of them are unfortunately on the short side. Sterlite is now ready for a sharp dip- that’s a positional trade infact and Puts can be purchased for that.”

On Feb 05, Sterlite Industries (India) was quoting at Rs 107.80, down Rs 1.90, or 1.73%. It has touched an intraday high of Rs 109.50 and an intraday low of Rs 107.15.

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