Buy L&T, says Sudarshan Sukhani

Published on Mon, Jan 30, 2012 at 10:33 |  Source : CNBC-TV18

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

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Sudarshan Sukhani, s2analytics.com

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Sudarshan Sukhani, s2analytics.com is of the view that one can buy Larsen and Toubro (L&T).

Sukhani told CNBC-TV18, "I would still buy Larsen and Toubro. These stocks have been going up. I don't have to buy it in the morning. The market must now say that I am willing to go up. So if L&T agrees with the market, decides to move up in mid-afternoon, which is when any buying should be done, that will be the time to go long in it. It's not yet an exit also."

He further added, " SAIL is a sell. Rather than a short-sell it's certainly an exit, since we quality as buy and sell. If you own SAIL, if you have taken trading position and we have been recommending SAIL consistently, now is the time to take your profits and get out. If you see higher levels today an aggressive trader could actually go short in it. But that's not a general recommendation. But certainly you get out of it."

  

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