Avoid Suzlon Energy: Sudarshan Sukhani

Sudarshan Sukhani, s2analytics.com advised avoiding Suzlon Energy.

Sukhani told CNBC-TV18, "Now as Suzlon Energy is crossing Rs 20, it has been in a trading range for a month and it is just going through a breakout. There is a long trade there. So what is happening is that we have Suzlon for example which is on the verge of a breakout just as it moves above Rs 20 and presents us with an opportunity and we have the Nifty which reflects a much bigger universe and the Nifty is now weak. So a breakout accompanied by a strong Nifty would be an excellent trade in Suzlon. But a breakout in Suzlon accompanied by weakness in the Nifty should be an avoid. That means we'll wait patiently."