Go long in NCC , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "NCC and Nagarjuna Construction are now doing all the right things. While the Nifty was chopping around for the last 10 days or so, a lot of stocks have been building small bases, not enough to justify major turnarounds but certainly to justify some buying interest."
He further added, "Now NCC is doing the same. It's in a narrow range. Yesterday it broke outs. It seems to say that whatever GMR or LITL, Lanco has done, it's now ready to do that. We have our stop losses. This is a trade, so that we should remember. But if we are disciplined enough to get out if it goes wrong, I think some of these stocks have fairly decent upside and traders at this point are buying almost near the lows. So NCC is a good stock breaking out of a trading range, doing all the right things. Go long in it."
"It was in hundreds and sometimes in two hundreds. So Rs 39 is the target. I think you will get it. Traders today should continue to focus on sugar sector for buying interest."
