Buy NCC, says Sudarshan Sukhani

Buy NCC, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "NCC is a buy. All the stocks that are buying opportunities must be taken in context. The  buying will be worthwhile only if the broad market doesn’t go down. But in that context it has done very well, it went up  from Rs 30, rallied to Rs 50 and it is now again on a new uptrend. So whether it’s a buy today or not is a different issue  but in the intermediate term it should be bought on a significant dip."
He further added, "The trend is up but the overall market is likely to drag banks down. So while the signs have not  come on the charts yet at least not on many of the PSU banks, the Bank index itself suggests that Friday’s rally was just  one-off. We will find that out today if there is follow-through or not. So to that extent it’s wise to avoid PSU banks for the  time being although the trend is up but we do not have to take these trades." Disclosure: I have no holdings in the above stocks.