Reliance Power has target of Rs 103-104: Sukhani

Sukhani told CNBC-TV18, "In Pantaloon Retail the short-term trend has changed and it made a bullish pattern and broken out from that, so I would buy into the rally. In reality I wouldn’t buy Pantaloon because I am not very keen on the stock so far. But if somebody is going by chart action then there is buying here with a target of Rs 175 and that target could easily be achieved."

He further added, "Reliance Power was in a trading range just as GMR Infra and it burst out of that range in style. Most infra stocks did that yesterday. But whatever the reason may be the message now is that Reliance Power is also a buy. We have modest targets of Rs 103-104. Do not buy at the opening. One must wait for some kind of a setup which is either a dip or a consolidation."