Sukhani view on Tata Power, Educomp, Sun TV

Sudarshan Sukhani, s2analytics.com view on Tata Power, Educomp and Sun TV.

Sukhani told CNBC-TV18, "Tata Power has a very attractive chart. The recent decline was actually a buy on dips opportunity. It is now emerging from that dip. So between the two I would say Tata Power is a positional trade. I don’t think you want to buy it for today because we are already at 12 O’clock. So buying today and then making profits by 3 O’clock is difficult. But if you want to take a trade for the next few days Tata Power qualifies for that as a buy." He further added, "Educomp Solution becomes a short selling opportunity now. Keep a tight stop loss which is roughly above Rs 173-174 and try to sell Educomp. The rally we saw to my reckoning is a relief rally in an ongoing bear market." "Sun TV is not a favorite at this point and in all fairness we will see what happens to Sun TV. It’s done these things not once but many times earlier and then it has those equally sharp reversals on the other side."