Sukhani upbeat on infrastructure space

Sudarshan Sukhani, s2analytics.com is upbeat on infrastructure space.

Sukhani told CNBC-TV18, “The Nifty has done well. So a lot of sectors will do better but Bajaj Auto is the only one here and Hero Motocorp both are two-wheelers. In the four-wheeler space, I think that space is best avoided for the time being.”
He further added, “A far more attractive area where traders should look at could be the infrastructure space where after yesterday’s mild correction a bounce can come and in terms of percentage, it is a high beta place and the charts are better.”
“Suzlon Energy I am assuming that there will be more correction on the downside but you don’t sell it where the market or where the Nifty is cheerful so you simply avoid it. SKS Microfinance is up maybe 8%, we have to see the context, it is down 91-92%, I wouldn’t be upbeat on this stock at all. Power Finance Corporation (PFC) has good chart patterns and the same applies for IRB Infrastructure Developers and IVRCL. I am upbeat on infrastructure stocks because they seem to suggest more upside is there.”