Coal India can touch Rs 340, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Coal India has made higher lows and at least for now it's following the Nifty. I suspect that a buying opportunity in Coal India is probably easier to determine, this is purely a short-term trade; we are talking only of today or tomorrow. So Coal India is not a positional buy but for the current period, now it's a buying opportunity maybe we will see a rally that can go upto Rs 340, the previous highs."
He further added, " Max India had a deep correction after that it came in my buy list last week. Now it's moving a little with some kind of volatile movement but it's inching upward, so I would say Max India is a buying opportunity. In fact for day traders as well as for people who want to take some positions, it's probably seen the worst part of its decline behind it."
