Buy Sesa Goa: Sukhani

Published on Fri, Jan 27, 2012 at 10:49 |  Source : CNBC-TV18

Updated at Fri, Jan 27, 2012 at 11:23  

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Sudarshan Sukhani, s2analytics.com

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Sudarshan Sukhani, s2analytics.com is of the view that one can buy Sesa Goa .

Sukhani told CNBC-TV18, "More upside is there in Sesa Goa. A bullish pattern has been completed and confirmed and Sesa Goa is going to go to Rs 250 eventually. But of course the targets for an intraday trader or a short term trader will be much lower maybe Rs 215 but if you are a position trader you want to buy it and keep it."

He further added, "I would be very cautious on United Spirit irrespective of the rally we saw day before, that makes no difference to me. Some stocks will rally sometimes and that was a good day for every stock and then we had F&O expiry also, a lot of intraday adjustments are done there. So I would be extremely cautious on United Spirits."

"I don't really need to sell it because if I am upbeat on the market then short selling is not a good idea on any counter or any share but if it all the first signs of weakness, the first stock to be sold would be United Spirits."

 

  

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