Sukhani told CNBC-TV18, "Sterlite Technologies closed at Rs 107.25. It is a classic case of buy on dip strategy. It went up to Rs 125 and then corrected to Rs 100, it is now moving up again."
He further added, "I expect it to touch the higher levels but I am having a very modest target of Rs 111 for the current trade."
Disclosure: I have no personal holding in the above stock.
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