Sukhani's view on JP Associates, Asian Paints
Sudarshan Sukhani of s2analytics.com view on Jaiprakash Associates, Asian Paints.
July 10, 2012 / 16:44 IST
Sudarshan Sukhani of s2analytics.com view on Jaiprakash Associates, Asian Paints.
Sukhani told CNBC-TV18, “For Jaiprakash Associates the charts are very good, infact it was a buying recommendation in the morning and the reason is that Jaiprakash Associates is now in an uptrend. So we had two days of sharp down moves. In an up trending market 2 days of down moves are more than enough, that’s a normal correction and the stock then bounced back which is exactly what it’s doing. So even now if somebody has a view of a couple of weeks or 3 weeks then Jaiprakash Associates is a worthwhile buy.”He further added, “Asian Paints is going through a distribution and may actually come down. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
