Buy Coal India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Coal India is an excellent opportunity. Some stocks are going to be laid back. Coal India may not give the same gaps, which suggests that the opportunity exists. There are two things; first, in this market one should remain long, the market trend is up and in this long position one should not go head long and buy at the open; wait patiently."

"What is required is a list of stocks to buy; Coal India goes in that list, at the top of that list; wait patiently. Buy and take a long position here," he said. At 10:32 hrs Coal India was quoting at Rs 300.35, up Rs 2.85, or 0.96 percent.It has touched an intraday high of Rs 305 and an intraday low of Rs 299.60. The share touched its 52-week high Rs 376 and 52-week low Rs 238.35 on 21 September, 2012 and 30 August, 2013, respectively. Currently, it is trading 20.12 percent below its 52-week high and 26.01 percent above its 52-week low. Market capitalisation stands at Rs 189,712 crore. Also Read: Coal India, unions to meet on Sept 20 to avert strike