Buy Kotak Mahindra Bank, says Sudarshan Sukhani

Published on Fri, Feb 10, 2012 at 08:54 |  Source : CNBC-TV18

Updated at Fri, Feb 10, 2012 at 10:32  

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Sudarshan Sukhani , s2analytics.com

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Buy Kotak Mahindra Bank , says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Kotak Mahindra is a buying opportunity after a lot of choppiness in this stock. Financials are likely to outperform and now the ones that did not join the party, the private sector banks will join it. So ignore small blips. Keep on the right side, which is the long side of the market. Kotak should do eventually very well."

He further added, "The HDIL charts are excellent. HDIL after these big declines, the tremendous bear market actually started building a base at low levels. These are reversal patterns that have significant long-term implications. So we don't ignore them. It's not just that there is a pattern target and HDIL has reached it. It's the fact that the reversal will take it to much different levels."

"All these stocks are Rs 1,000 plus once. I don't think that will ever come. The stock remains an upbeat item. It should be in your buy list. I would say that even as for today and for the next few days there is momentum in HDIL which should see higher prices. Now it is well traded. You can use options or you can use futures, but it's worth buying even now. Of course a position trade in HDIL is there."

  

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