Jul 12, 2012, 05.27 PM IST

Sukhani's view on Jaypee Infratech, Financial Tech

Sudarshan Sukhani, s2analytics.com view on Jaypee Infratech, Financial Technologies.

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Sudarshan Sukhani, s2analytics.com view on Jaypee Infratech , Financial Technologies.


Sukhani told CNBC-TV18, “JP Infra is having a very good chart. It’s gone through a bear market. That bear market is now over. So the rallies in JP Infra are not surprising. Every dip in this stock is a buying opportunity. Financial Technologies has broken a resistance level and has rallied and now we have to contrast it with MCX which has done nothing."


He further added, "MCX has actually retreated 100 points from its intraday high. So if somebody wants to take a trade it is Financial Technologies which is the appropriate stock or instrument to go long into. That has broken out from a multi-month resistance.”


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