Invest in BHEL, Rel Capital, R Power: Sukhani

Sukhani told CNBC-TV18, “BHEL was a buy even last week because we felt that the stock is bottoming out and the process was a little choppy, that’s all. The charts are telling us that for a position trader at current levels it’s an excellent buy. For a day trader I suspect you want to see some consolidation or a day of correction and then go for it but for somebody who is willing to invest for a few weeks BHEL is perfect.”

He further added, “The entire ADAG pack suggests now that there is a significant upside because they are high beta stocks. This time they might participate significantly more on the upside, so I would say all three of the stocks Reliance Capital, Reliance Power and Reliance Communications are buying opportunities."