Short term trader can buy Lanco Infra: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that short term trader can buy Lanco Infratech.

Sukhani told CNBC-TV18, “GVK Power has a very attractive bullish pattern. Lanco Infratech is now bottoming out suggesting that it is possible to do some bottom-fishing. Short-term traders can in any case buy it with a proper stop loss."

He further added, "Suzlon Energy is telling us that at Rs 20 it is now crossing a very significant threshold and probably moving higher. These are not investment ideas. They are momentum trades. As soon as momentum dries down, as soon as the Nifty either starts sliding or goes into a visible trading range these ideas will disappear, but not today. Yes, today they are buying opportunities.”