Buy Crompton Greaves: Sudarshan Sukhani

Published on Mon, Feb 13, 2012 at 13:34 |  Source : CNBC-TV18

Updated at Mon, Feb 13, 2012 at 13:50  

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Sudarshan Sukhani, s2analytics.com

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Buy Crompton Greaves , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "For DLF there is a trade to go short. Since we are selling in an up trending market, this should be taken only by professional traders but there is a trade here. If you want to go short, it is quite possible the stock may eventually slide to its support of Rs 205-200. But for Tata Power I think the best trade is to avoid it."

He further added, " Tata Global Beverage was a buy when it broke out of Rs 90. We have been tracking it and since then it has done wonderfully well. It has come in our buy list repeatedly. At current prices I think it is far better to wait for the prices to consolidate or correct and then reenter because Tata Global is not essentially a day trading instrument. You have to maintain a position there."

"Crompton Greaves has an excellent chart after that bear market that it finished. It has built a base, broken out, made the right reversal pattern. So I think Crompton Greaves even at current levels is a buying opportunity for short term traders."

  

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