Buy TTK Prestige on dips, says Sukhani

Sukhani told CNBC-TV18, “TTK Prestige, in spite of the fact that it’s gained so much and was a favorite stock about a few months back. Then it was subdued for some time but stocks that are concept stocks and also which are getting supported by charts and fundamental news don’t look back so quickly. Another example is Bata India . So I would be saying that for a positional trader TTK prestige is a buy on dips. I don’t think it’s a stock you can trade day in and day out as a day trader.”

He further added, “If somebody is willing to carry a position then I think Tata Steel has more upside and if the trade can be split then it is sensible to take partial profits and carry balance of the position. The basic idea is that there is more upside apparently in Tata Steel which is not the case with many of the other metal stocks even including Sesa Goa which have just gone up on news. This can easily come down on news also.”