Sudarshan Sukhani of s2analytics.com is of the view that ITC can touch Rs 215.
Sukhani told CNBC-TV18, "We know FMCG stocks outperform in different days and ITC is now gone through a bad patch, while the whole market was going up and suddenly we find that the stock has rallied and the chances are that the rally may continue for two reasons. First, a lot of index management can take place using ITC and second ITC is a stock that does very well when the high beta stocks take a backseat."
He further added, "On the charts itself ITC is willing to be in a trading range and once it breaks out of the trading range there is a strong possibility it may move up sharply. Currently it is possible we may see Rs 215 on the upper side where the trading range ends. So there is a small trade in ITC which can take you to Rs 210 or even Rs 215."
