See upside in REC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Rural Electrification Corporation (REC) is attractive. It is doing the same thing as the Bank Nifty is doing. It fell to Rs 145 and found strong support there. It bounced there for three-four days and tested that support. I am talking of short-term trade but I would be a willing buyer in REC."

"I do not mind if it opens higher. It is still worth buying into, wait for a cooling off period and then go long. There is probably more upside in it," Sukhani added. The share touched its 52-week high Rs 267.50 and 52-week low Rs 146.15 on 04 January, 2013 and 05 August, 2013, respectively. Currently, it is trading 38.02 percent below its 52-week high and 13.45 percent above its 52-week low. Market capitalisation stands at Rs 16,372.07 crore.