NCC has target of Rs 68: Sukhani

13563 Investors following Nagarjuna Const. Share this News with them.

0

Like this story, share it with millions of investors on M3

NCC has target of Rs 68: Sukhani

NCC has target of Rs 68, says Sudarshan Sukhani of s2analytics.com.

Post your opinion here

 

0

Tweet

Share on Tumblr

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

NCC has target of Rs 68, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, " Tata Power is something very similar to Dr Reddys which suggests some distribution has taken place. In Tata Power there is distribution at the top. It's also breaking down from resistance support levels. It is possible that this may not be distribution, it may actually be a correction, but even in that case it's not a buying opportunity. I would say Tata Power is a short sell, simply because today's market should be cheerful, there is no need to short sell but tomorrow or day after it should be an ideal candidate for selling."

He further added, "NCC is a buy. Personally I would not touch infrastructure stocks at all, but for somebody who wants a trade in it, there is higher levels ahead or quite possibly Rs 68 could be a very reasonable target for it. The chart patterns are fairly decent. It's just a sense of disbelief I have that's all."