Go long on BHEL, L&T; avoid Reliance Infra: Sukhani

Sudarshan Sukhani, s2analytics.com advises to go long on BHEL and L&T. One can avoid Reliance Infra.
 
Sukhani told CNBC-TV18, “I would recommend initiating fresh longs in Bharat Heavy Electricals Ltd (BHEL), Larsen and Toubro (L&T) and Jaiprakash Associates excluding Reliance Infra. Dips deserve at least a relief rally and it should be worthwhile buying into them.”
 
He further added, “Since morning, do not go headlong into stocks that are at the top of the day’s range, wait patiently for these to come down and then long positions are justified in both these stocks as well as in Jaiprakash Associates but not in Reliance Infratech. This stock has fallen and it is in very deep trouble on the charts. It is best to avoid it.”