Prestige Estates looks attractive, says Sukhani

Prestige Estates is looking attractive at current levels, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “JP Associates is now in a trading range. It is becoming volatile. Two days it comes down and as we saw today it is moving up so at this point it is best left alone. We could see this choppiness continue.”
He further added, “For the other cement stocks there is a sense that there is a correction that is on going. I don’t think that the correction has completed itself although we saw some rallies today but at some point in cement – ACC and Ambuja Cement would become excellent buying opportunities that time hasn’t come yet.”
“HDIL has gone through a very mild correction and is willing to go up probably much higher than it is now. Second is Indiabulls. The ones which I would not touch are DLF. I think DLF is going to do the exact opposite of these two. Midcap stock that is not there in the F&O is Prestige Estates that has a very attractive chart but you can’t trade in the derivative segment there but for somebody wanting to buy and hold for a few weeks that seem like a sensible idea.”