Buy Sterlite Industries on every dip: Sukhani

Sudarshan Sukhani, s2analytics.com feels that Sterlite Industries is bottoming out. He advice buying on dips.

Sukhani told CNBC-TV18, “Hindalco Industries has been weak consistently so we have not been talking about buying it. So that remains weak and I am not surprised. The one chart in this that is not weak, everything comes on some days that is Sterlite Industries. Sterlite is giving the sense that it is bottoming out and we should be buyers on every dip in Sterlite. So for me any dip in Sterlite let us say towards Rs 105-106 gives a buying opportunity.”
He further added, “Amtek India represents another opportunity where we want to buy. It is a stock that was in a sustained uptrend, went through a correction and correction seems to be over, it is now moving up. So that is one share in the auto ancillary’s group, which is worth looking at.”