Buy NDTV; target of Rs 100: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “New Delhi Television Ltd (NDTV) chart suggests that a bullish confirmation has just taken place and that a further rally is likely. However all media companies have flattered to deceive as I heard and NDTV is no exception. So if we go by the chart pattern higher levels are coming, may be Rs 100. I would suggest position traders and investors should consider broad outlook for media very carefully before taking this trade. Technically it is a buy.”

The stock closed at Rs 89.95, up Rs 14.80, or 19.69 percent. It has touched a 52-week high of Rs 90.15. It has touched an intraday high of Rs 90.15 and an intraday low of Rs 82.There were pending sell orders of 9,914 shares, with no buyers available. It was trading with volumes of 826,301 shares.