Buy Arvind: Sudarshan Sukhani

Published on Mon, Jan 30, 2012 at 10:53 |  Source : CNBC-TV18

Updated at Mon, Jan 30, 2012 at 11:07  

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Sudarshan Sukhani, s2analytics.com

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Buy Arvind , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, " GVK went up dramatically on Friday and then by doing that it also crossed some resistance levels, so it remains a buy. You don't have to actually buy it on a big gap up or a gap down. You have to buy it only when the stock says, I am consolidating and now willing to break minor resistance again, but it's still a buy."

He further added, "Arvind is a buy. It went through a very sharp correction to Rs 60. Now the uptrend has resumed. So it's breaking some significant resistance points and it's on its own bull market after a very deep correction. That's healthy for it."

" Mahindra Satyam charts are very choppy. I would actually qualify it as a sell. It's come close to Rs 77 resistance where I am assuming that it can also slide down. But because it is not in the F&O, it's not an easy sell. It's just an intraday selling idea. But I would not go long in it. Probably an intraday hedge could be to buy Polaris and sell Mahindra Satyam."

  

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