Reliance Communications has target of Rs 85: Sukhani

Published on Wed, Feb 08, 2012 at 08:39 |  Source : CNBC-TV18

Updated at Wed, Feb 08, 2012 at 10:51  

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Sudarshan Sukhani, s2analytics.com

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Reliance Communications has target of Rs 85, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Even the markets are choppy, it's possible to have buying as well as selling, which is what I think this market will give us now. One of the stocks that have been an outperformer has been Reliance Communications, but now it appears that it maybe leading us into a correction."

He further added, "The stock rallied significantly and now a strong rally will have some kind of correction. So we are trying to trade the correction. We are not going against the main trend which remains up. So RCom is a short sell only for professional traders with a stoploss and a target that could come down to as low as Rs 85."

  

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