May 03, 2012, 11.41 AM | Source: CNBC-TV18
Buy Sun TV Network, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "I would buy Sun TV Network. I have been upbeat on it for quite some time now. It has completed its bear market, it is now beginning a new bull market. So it is in the right sector at least at this point of time and yesterday’s gains should be built into. If we do see weak markets, we have to be patient and buy stocks on dips but we should be going long in it and the immediate target of Rs 320 is possible. Whenever that is reached that is a different story but it should come about."
He further added, " Ashok Leyland chart is looking very toppy. Ashok Leyland suggests that it is going through a distribution making an intermediate top for somebody who - this is a short sell, at least in my charts and the targets for this are Rs 28 and probably even lower. So if there is any weakness in the morning, traders can look to sell after first 15-20 minutes of trade, put a stop loss and go short here."