Sukhani told CNBC-TV18, " REC and PFC have gone through a very sharp correction. In REC we have Rs 170 as resistance, it is almost there. So I don't see any further moves coming about today."
He further added, "Yesterday Voltas was down but that may have been a correction of the small up move that we saw rather than anything else. It fell all the way to Rs 70 and it is quite possible that the worst in Voltas is over. Yesterday's decline was actually a test of those lows."
"Voltas is a buy. More than a day trade, it's a position trade because you have a stop loss which is deep enough and significantly rewards if it works out."
