Sukhani's view on Reliance Industries

Published on Tue, Feb 21, 2012 at 13:12 |  Source : CNBC-TV18

Updated at Tue, Feb 21, 2012 at 13:14  

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Sudarshan Sukhani , s2analytics.com

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Sudarshan Sukhani of s2analytics.com shares his view on Reliance Industries .

Sukhani told CNBC-TV18, "It looks like Reliance Industries will underperform the Nifty. So it's simply a very low level buy on dips trade. You buy now and get out at Rs 15 higher. But the big moves are not going to come in Reliance. So you can let it be."

He further added, "The two big bets for today are not in the index. They are in gold which now appears to be willing to be break out of a fairly long congestion and in crude which even though is lower today gives the impression that it's moving much higher much to our disappointment. In the index itself financials we have been talking about State Bank , ICICI Bank and Axis Bank for long time now and the two tech stocks TCS and Infosys , these are the five stocks I would be betting on."

  

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