IT space not an investment opportunity: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that IT space is not an investment opportunity at this level. Traders can take any momentum stock and trade for a few days.
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Dec 12, 2008, 12.47 PM | Source: CNBC-TV18

IT space not an investment opportunity: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that IT space is not an investment opportunity at this level. Traders can take any momentum stock and trade for a few days.

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IT space not an investment opportunity: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that IT space is not an investment opportunity at this level. Traders can take any momentum stock and trade for a few days.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Technical Analyst, Sudarshan Sukhani is of the view that IT space is not an investment opportunity at this level.

Sukhani told CNBC-TV18, "Apart from yesterday IT is giving the impression that it is on the verge of a significant breakdown that may not happen. But it is very worrying, so at this point IT is not an investment opportunity, traders can take any momentum stock and trade for a few days but I wouldn’t hold IT for now."

Disclosure: Analyst has delta neutral positions in the Nifty and investments in shares.

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