Mar 13, 2012, 06.29 PM | Source: CNBC-TV18
Sterlite Industries is an outperformer, says Sudarshan Sukhani, s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “I would go long on Sterlite Industries, among the metal stocks it has been an out performer and charts suggests that the out performance will continue. But there is no need to go long in metals, banks are probably a far better option and so is some selected those high flying infra.”
He further added, “The Bank Nifty is following the same principal as the Nifty. Vijaya Bank looks interesting. I think I will be watching it tomorrow morning, although things can change by morning but that’s a stock I am short listing today.”
“HDIL is a good stock to trade in on the long side, there is more upside here. I am not so upbeat on JP Associates, it’s moved up but it’s not come out of its bear cycle yet. So I would stay away from it.”