Zee Entertainment has target of Rs 130: Sukhani

Sukhani told CNBC-TV18, "For Zee Entertainment Enterprises the target is Rs 130 but this is not a buy on dips stock. This is in anticipation of a possible reversal. There is lot of risk when we are anticipating a reversal, because Zee has fallen from Rs 140 to Rs 125, but because it’s consolidating at a lower end of the trading range, I am assuming that it is possible. This is only an assumption and it could easily go wrong."

He further added, "If we catch Zee at the lows now then we are buying at the bottom end and then seeing it go all the way to Rs 130 and then Rs 140, if not there is a tight stop loss. So this is a high risk trade and that comes with high reward."