Buy Jaiprakash Associates: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Jaiprakash Associates.

Sukhani told CNBC-TV18, "Jaiprakash Associates is a good stock now, it is bottoming out. This bottoming out process takes a long time, it doesn’t happen in a week or month. So it is a buying opportunity. We ignore what is happening to cement and ignore everything else; charts are telling us that the worst is over for the stock. On Friday, it actually rebounded from its lows and that tells us we may have follow through, if not today then in the next few days. It is an ideal buy."

He further added, "Sintex Industries was disappointing, it rallied and then it could not hold to its gains. We had a buy on Sintex and that buy seems to have materialised and met its target. It is still a buy but it probably needs to do a lot more good things, which Jain Irrigation has apparently has already done."