Buy Reliance Industries at current level: Sukhani

Published on Fri, Feb 17, 2012 at 17:25 |  Source : CNBC-TV18

Updated at Fri, Feb 17, 2012 at 17:52  

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Sudarshan Sukhani, s2analytics.com

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Buy Reliance Industries at current level, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, " Cipla is in a bear market. We don't want to touch it; it's not a buy on dips stock. Reliance is a buy and it's a good idea. Even as we speak Reliance is something, because if the Nifty is going to go up Reliance will certainly play catch up. So that is something that traders should consider on Tuesday morning."

He further added, " Tata Power is a stock that has built some bases, it has come out, it had a relative outperformance even before. So while the others have flown because maybe they had fallen a lot. Among the power stocks, Tata Power appears safest and the fairest for investment as well as for trading."

  

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