Buy Sterlite Industries: Sukhani

Sukhani told CNBC-TV18, "Sterlite Industries has made higher lows; it has also made higher highs. It is coming out of a consolidation, so theoretically Sterlite is a buying opportunity. The problem is that stocks are going to resistance levels and then completely breaking down on the downside. So it is also at resistance. If it shows more strength then buy it, not necessarily at the open."

He further added, " Alok Industries is probably a speculative buy. It is now in a trading range for three weeks and while I could say that it has fallen so much - it cannot fall more. We know that is not true but it is worth looking into on the long side."