Go long on HDFC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com advises to go long on HDFC at current levels.

Sukhani told CNBC-TV18, “HDFC- I expect eventually by 2013 end the market to be much lower. But for a swing trader, a short-term trader today’s decline is actually an opportunity to go long and assume that there will be a revision to the mean just as the other stocks have rallied.”
He further added, “HDFC will also rally back to some kind of average. It is high risk trade but worth taking.”
On April 11, Housing Development Finance Corporation (HDFC) closed at Rs 765.85, down Rs 14.80, or 1.90 percent. It has touched an intraday high of Rs 784 and an intraday low of Rs 761.30.