Buying opportunity seen in GVK Power , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "GVK Power is something one want to buy. It went up last week on the back of some news. I had suggested even at those elevated levels we could consider buying or you could buy it on a dip."
He further added, "For last four days we got that dip. Again yesterday it moved up. So a stock that moves up on news, then consolidates and then begins another up move tells us that that news is something that the market likes. Its real, it's not just a sell on news stuff. It also breaks now some small resistance levels as it goes up. So GVK is a buying opportunity. There is one thing more. It's not easy to trade Rs 10-11 stocks so that's something the traders should keep in mind. But with those limits, yes it's a buy."
