Aug 01, 2012, 06.48 PM IST

Voltas may slip below Rs 100: Sukhani

Voltas may slip below Rs 100, says Sudarshan Sukhani, s2analytics.com.

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Voltas may slip below Rs 100, says Sudarshan Sukhani, s2analytics.com.


Sukhani told CNBC-TV18, “ Dewan Housing Finance Corporation appears to be more interesting because there a deep correction is already over and stocks when they bounce up on back of results after having corrected tell us there is lot more upside there.”


He further added, “Voltas is reporting numbers, so it becomes a little difficult but I were to ignore that part then the chart is not very strong. It is suggests that there is some more weakness. The approach would be that we have let this correction or weakness pass, and only then it becomes a buying opportunity. Maybe below Rs 100, somewhere around Rs 90-95 but the suggestion is that it should slide below Rs 100 and go lower."


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