IVRCL Infra a preferred bet, says Sukhani

IVRCL Infra is a preferred bet, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “NCC is a good chart in the sense that worst seems to be over but after the sharp run up July could see a time when it would be consolidating and choppy. So between the two, IVRCL Infra is much better choice to go long into.”
He further added, “IVRCL Infra, there was a sharp correction after the news subsequent to the fact that it may or may not be taken over and that was news based. News based corrections usually time themselves out and the original trend emerges back. The original trend here is up. So there is lot of upside left before we reach the Rs 70 levels and then there is more upside once we breakout. So IVRCL Infra is the preferred choice.”