Go long in Shriram Transport Fin, JP Associates: Sukhani

Published on Fri, Jan 06, 2012 at 10:23 |  Source : CNBC-TV18

Updated at Fri, Jan 06, 2012 at 13:03  

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Sudarshan Sukhani, s2analytics.com

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Go long in Shriram Transport Fin and JP Associates , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "The context is that Shriram Transport Finance has fallen a lot. But at least it comes with good quality. The fact is not only yesterday's move, for the last 7-10 days it's not falling. For any stock to begin an uptrend, the first requirement is it should stop falling. That it has done. So I would say that there is a buying opportunity here. On individual stocks, it's far better than probably the Nifty which is the reason why I am suggesting that we can go long in it."

He further added, "JP Associates, whatever chart patterns we are getting in the short term, there is a buying opportunity. I am not very upbeat on JP Associates generally but their momentum is mildly on the upside. So if you want to take a trade, it has to be on the long side."

  

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