Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "New Delhi Television (NDTV) has gapped up and while the charts suggest a target of Rs 100 which means there is still 10-12 percent rally. The better trade is in TV18 Broadcast. All media stocks have disappointed repeatedly including TV18 which has gone up to Rs 40 and then come back to Rs 22."
He further added, "However still assuming that something is changing then TV18 is the easiest buy rather than NDTV. At current levels there is a pattern target of Rs 35, a bullish pattern has been confirmed. So for those who want to take this trade, go ahead." Disclaimer: Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.
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