Buy Wockhardt, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "You still have to buy Wockhardt, in spite of the fact that it is now at Rs 900 but it can come to Rs 925, which is a short-term target and we don’t question why it is going up. If somebody wants to trade it and it is a good trade because it’s on the verge of breakout again. It is a long position, go and buy keep a stop loss.”

He further added, “Now at Rs 175 Pantaloon is on the verge of another breakout. So if we see gains today then that would tell us that the market is now willing to pay a significant premium to Pantaloon’s prices.”

“The decline for the time being is over. So Pantaloon becomes a buying opportunity. We just need to be sure that the levels are being crossed. If they are then there is much more upside here."