Buy Aditya Birla Nuvo, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Aditya Birla Nuvo (AB Nuvo) has been rising but on the chart, for the last five days it is consolidating. Yesterday's rally did not exceed the rally that it had seen four days ago but it is on the verge of breaking out and once it breaks out, it makes new highs for this upmove which is very attractive. Therefore, a trader who is looking at buying on a breakout or buying on a consolidation, AB Nuvo satisfies that condition. Buy it."

"There are times when we want to do day trades and there are times when we want to carry positions. If this is an uptrend, a genuine uptrend and we want to carry positions because there will be a lot of favourable gaps in our favour. So, Aditya Birla Nuvo is something that one can carry," he said. At 10:08 hrs Aditya Birla Nuvo was quoting at Rs 1,280.10, up Rs 7.05, or 0.55 percent. It has touched an intraday high of Rs 1,289.05 and an intraday low of Rs 1,273. The share touched its 52-week high Rs 1,290.10 and 52-week low Rs 918.85 on 04 October, 2013 and 30 October, 2012, respectively. Currently, it is trading 0.78 percent below its 52-week high and 39.32 percent above its 52-week low.Market capitalisation stands at Rs 15,394.50 crore.