Buy REC, says Sudarshan Sukhani

Buy Rural Electrification Corporation (REC), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "REC is good for more. First the PFC took the lead, REC is following, and the charts for both are similar. REC’s target could be Rs 195 or 200 by the time we are through with this uptrend. So REC remains a buying opportunity. More than intraday, I think it’s a position trade because it can give us the advantage of gaps."
He further added, "Technically for a short-term trader there is a buy opportunity in NCC. One could go long at current levels and then hope for some further gains. But for the position trader and for the investor there is nothing at all in it that justifies taking a long position. Only for momentum traders there is a buy here."