Sukhani told CNBC-TV18, "For a day trader Jain Irrigation could move to Rs 111 but that shouldn't be the end of it. After yesterday's move, the breaking of resistance levels, a position trade is justified which could carry it much higher Rs 135-140."
He further added, "Hanung Toys was a favorite for me in the erstwhile bull market and then it fell to Rs 70 from Rs 300 plus. I think Hanung Toys has done the right things. The rally has been fairly sharp but that's the way midcaps are behaving now. So if you get a consolidation or an intraday sort of dip, Hanung Toys is a buying opportunity for the day. It's also another positional trade. You have to expect an inevitable correction in this stock but if you expect that the positional targets for this are about Rs 180 or Rs 185, short-term targets are Rs 165."
