Buying opportunity seen in Coal India: Sukhani

Buying opportunity is seen in Coal India, says Sudarshan Sukhani of s2analytics.com.
 
Sukhani told CNBC-TV18, "Coal India has done its bit. It has come down to a strong support level at Rs 295-300 and that was a downside target. It has almost reached there. I think the target was Rs 290 and we cannot be so particular about every single point. It is in that target zone for the decline.”
 
He further added, “Coal India is a buying opportunity. The reason why we are upbeat on the market is stocks like Reliance even Coal India have to come support levels. These levels may eventually breakdown. I suspect they will, but not now.”