See upside in LIC Housing Finance , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "The Nifty has retreated mainly because of international cues and Infosys but LIC Housing is on the verge of a significant breakout on the upside above its something called a bullish ascending triangle that horizontal resistance is somewhere around Rs 240 and it breaks out and goes onto new highs."
He further added, "Now I don't know if this is going to work out or not but this is a trade that we need to take. Luckily today will be a soft day, so rather than rush into it, at some point during the day we should be able to get it lower also. But the pattern suggests significant upside is there, just beginning."
