Buy Opto Circuits for short term: Sukhani

Buy Opto Circuits for short term, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Opto Circuit kept coming in my sell list all the time starting from Rs 220-230. This is a joker in the pack; it has not really turned around. It made a small trading range and then it broke on the upside. It is not enough to say that the downtrend has changed but it is enough to say that at least for short-term traders, momentum has turned up, so maybe there is a short-term buying opportunity here.”

He further added, “This is a high beta stock and it can give us some good gains on the upside. But don’t get committed to it, it is not an investment or a position trade but its worth buying.”