Buy Exide Industries: Sudarshan Sukhani

Published on Mon, Jan 23, 2012 at 11:09 |  Source : CNBC-TV18

Updated at Mon, Jan 23, 2012 at 11:13  

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Sudarshan Sukhani, s2analytics.com

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Buy Exide Industries , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Exide Industries is a buying opportunity. Again in a market that remains choppy or even mildly bearish there will be midcaps that will complete their uptrends. Exide is one of them. There is more upside here. Rs 135 target is also possible, maybe more. But I would not consider investing or taking a position trade in Exide. This is essentially a very short-term trade."

He further added, "In Titan it's again a relief rally that we are seeing. I don't see Titan as actually beginning a new bull market. So within the broad constraints of a relief rally Titan is also a buy. Keep a stop at Rs 185 or so. We could expect a target of Rs 200 or even higher."

"The key here when we are discussing buying is for viewers to understand that buying should be done when the Nifty says okay, I am done with today's decline maybe I will go up. There is no sense in buying when the market opens."

  

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