Unitech can touch Rs 32-33: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that Unitech can touch Rs 32-33.

Sukhani told CNBC-TV18, “Unitech is a very volatile stock. The market unfortunately does not care about the cost prices that we have incurred. The market goes up and down according to its own momentum. So, I will not look at the cost prices. I will just say that at current levels, there is a trading opportunity in Unitech on the long side. So, if you hold it, you might like to wait till a rally could come about. At some point, you should get out. I do not think Unitech is something that you want to hold for a long period but for the short-term trader it does not matter.”
He further added, “Look for a target that could easily be Rs 32-33 that is a good 10 percent up from current levels and once you achieve it, you should take a call and say okay, I am happy, I have got a rally and I have to get out.” Disclosure: Analyst does not hold the above mentioned stock.