One can buy Biocon and Indraprastha Gas, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Biocon is not doing anything especial. That itself is good news. It is not tumbling, it is not falling and it is in an area, it is in a sector which is broadly cheerful. So Biocon is in a trading range and it is giving the first sense that it may be willing to breakout on the upside. Biocon is something that we should be looking at to buy and that is a nice idea to be in."
He further added, "Second is Indraprastha Gas (IGL). See how IGL has been choppy after the news, which came out few months ago. However, eventually IGL is now coming out of that choppy trading range, it is moving towards Rs 270-280 which is where it is now and breaking out. So IGL is another midcap idea that is likely to do its own thing irrespective of what the Nifty does. So IGL and Biocon are worth looking at for the long side and probably it is possible to make some money in it."
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