Buying opportunity seen in Alok Ind, Ashok Leyland: Sukhani

Published on Thu, Dec 29, 2011 at 17:04 |  Source : CNBC-TV18

Updated at Thu, Dec 29, 2011 at 18:25  

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Sudarshan Sukhani, s2analytics.com

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Buying opportunity seen in Alok Industries and Ashok Leyland , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Alok Industries is not a buying opportunity. It has fallen from Rs 28 to Rs 18. These 1 or 2, 3 percentage point gains will keep on coming, after all markets don't go up or down in a straight line and same applies to Ashok Leyland."

He further added, "Ashok Leyland has already broken all significant support levels. It's going to build a base that may take months or even years before we look at it. Firstsource at Rs 6, anyone with a slightly longer term horizon and investors should have it, at Rs 6 this is a buying opportunity."

  

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