Go long on Manappuram, Reliance Capital: Sukhani

Sukhani told CNBC-TV18, “We are talking only of short term trading as I speak now, so Manappuram gives an impression that it could reach anything between Rs 28 to Rs 30. I have long positions in Manappuram.”

He further added, “Reliance Capital much to my surprise suggests that the worst may well be over for it. I don’t know whether it’s going to see a rapid rally but it now qualifies as a buy on dips stock. There are many better opportunities probably in the financials but its there on the long side.”

“ Suzlon is the best of the lot. It’s come down, made a double bottom. It hasn’t actually confirmed the double bottom because it’s a big gap between Rs 18 and the Rs 31-32 highs that it made but the fact that it found support at its earlier lows and has bounced back very nicely suggests that a buy opportunity exists in Suzlon, I would not be surprised if the market behaves Suzlon can go and test Rs 30 again. That’s a good 50% from current levels.”