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Aug 14, 2012, 08.44 AM IST
Short Orchid Chemicals and Pharmaceuticals, says Sudarshan Sukhani of s2analytics.com.
Short Orchid Chemicals and Pharmaceuticals , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Orchid Chemicals and Pharmaceuticals is in a big mess, it’s now on the verge of breaking the Rs 100 level. That’s not the way a good stock should behave. It’s falling and not stopping. So Orchid is a short sell although that short sell should be taken only if we get a view that the markets remain choppy."
He further added, " ACC is making new highs just as Ambuja Cement and UltraTech Cement are making. Yesterday there was a new high and these new highs are usually accompanied by a follow-through on the subsequent days and that is happening with cement regularly. So we want to go long in ACC preferably on some kind of morning or intraday dip."
Disclosure: I have no holdings in the above stocks.
Action in Orchid Chemicals and Pharmaceuticals
May 23 2013, 16:33
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May 23 2013, 09:33
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