Buying opportunity seen in GTL , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "GTL has fallen and now it's been in some kind of a small base and it's trying to get out of it on the upside. I don't track GTL Infra but pure GTL is a buy. My problem is why anyone would want to trade in this instrument at all when there are so many other counters to trade in. I don't think GTL is an appropriate trading instrument. On the chart it's still a buying opportunity."
He further added, " Redington has gone up from a low of Rs 4 to Rs 100 now; it is around Rs 75-76 currently. So in spite of the movement that we are seeing in it I would be very afraid of going and buying it now. It is also in a trading range, we are seeing it bounce between Rs 25 movement between the lower and higher ends. That's giving it the volatility. I don't think there is any opportunity to buy it."
