Sukhani told CNBC-TV18, "What is happening in shipping is that it's coming out of a very long base building process. So it's not just for today; shipping seems to be promising better time and I do not know it's because of the Baltic index or because just the charts are good. But I think there is an intermediate uptrend in the sector. So Great Eastern Shipping Company went up, took a lot of rest yesterday, it bounced back from the Rs 271 lows it made and closed at Rs 280 that told us there is lot of support even at slightly lower levels."
He further added, "GE Shipping is a buying opportunity for traders today, so keep it for a day or two if you want; Rs 275 is a stoploss and Rs 290 could be a day trading target."
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