Buy Subros with a target of Rs 46.50: Sukhani

Published on Fri, Dec 04, 2009 at 11:07 |  Source : CNBC-TV18

Updated at Fri, Dec 04, 2009 at 11:23  

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Sudarshan Sukhani, Technical Analyst

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Technical Analyst, Sudarshan Sukhani is of the view that buy Subros with a target of Rs 46.50 and stop loss at Rs 42.

Sukhani told CNBC-TV18, "I must warn you that the volumes in Subros are relatively low. Hence, there is a problem with smallcap stocks in general. This caveat needs to be kept in mind. However, Subros seems to be going through a trading range and a possible move to the highs is quite easy. Buy Subros with a target of Rs 46.50 per share and stop loss at Rs 42 per share. One should always remember that low volume smallcap stocks have their own problems. If you are a positional or a day trader, there are opportunities"

  

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