Buy Havells India on dips: Sukhani

One can buy Havells India on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Havells India has been a favourite. It has given some rewards earlier and there was a sharp correction. That correction has stopped at Rs 600 level. Earlier it was a breakout from Rs 600, which we took. That Rs 600 level is standing as a strong support. I would expect some of the midcaps to perform."
He further added, "This is an anticipation that the market is stopping at 5,500. This entire theme is working on that and if the market does not do that then a lot of these long positions will also come into trouble. That is why traders must use stop losses and also watch the Nifty. If Nifty behaves itself on the upside then Havells becomes a good buying opportunity, one is buying at a dip."