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May 28, 2012, 07.04 PM IST
Sudarshan Sukhani of s2analytics.comone can invest in BHEL with slightly longer term perspective. Reliance Capital, Reliance Power and Reliance Communications are buying opportunities.
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."
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