Sukhani view on NCC, Indiabulls Realty, Essar Oil

Sudarshan Sukhani of s2analytics.com feels that NCC can touch Rs 47. Buy Indiabulls Realty, Essar Oil.

Sukhani told CNBC-TV18, “Nagarujana Construction (NCC) is headed higher to maybe Rs 47 but the problem is that it has seen a significant rally from almost Rs 28 to 40. So the best buying opportunity will come after it pauses and takes some rest and maybe that could happen starting today. He further added, “The charts of Indiabulls Real Estate are better than NCC. The rally we saw in NCC is yet to come in Indiabulls Realty. Indiabulls is just building a base and breaking out. So here there is potential even to buy at current prices. The two real estate stocks that I am track are HDIL and IBREL and both are looking good for much more upside. “Essar Oil has build an excellent bullish pattern, it is now moving up. Yesterday was the first day when it literally bounced up. It was in our buying list earlier. There is significant more upside here. Rs 60 are the modest target but there are chances of it crossing Rs 60. The problem is that yesterday’s big range upward needs to correct or consolidate before traders should get in, that is the question of tactics but the targets are higher.”