Keep stoploss at Rs 22 in GMR Infra: Sukhani

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Keep stoploss at Rs 22 in GMR Infra: Sukhani

Keep stoploss at Rs 22 in GMR Infra, says Sudarshan Sukhani, s2analytics.com.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about GMR Infra See messages about GMR Infra

Keep stoploss at Rs 22 in GMR Infra , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, " Cipla has come now on buy list on and off and that continues even today it is seeing gains, its on the verge of a breakout above Rs 340 and if that happens we are looking at much strong momentum push. So Cipla is a buy and if it crosses Rs 340 you want to stay with the stock rather than take profits, so take partial profits, stay with it. I would say give it a little leeway maybe 15 point leeway from wherever you enter that's your stop loss and let it run."

He further added, " Lanco Infra is showing some signs of bottoming out; a Rs 10 stock can become Rs 11 very easily and stay there which is what Lanco is doing, so I don't know whether you want to buy it."

"GMR has a slightly better chart; it's been in the process of consolidating for over two months now and its going down and going up so that is the process. But at current levels at Rs 23 it is possible to say that GMR is broken out of two resistance levels that suggests some strength and only short-term traders should be looking to buy it, keep a tight stop loss somewhere below Rs 22 and then its worth buying. But I would avoid Lanco."