Buy Godrej Industries on dips: Sukhani

Buy Godrej Industries on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would be a buyer in Rural Electrification Corporation (REC). It came in my buy list a couple of days ago and almost at the right time. The trend is still up. The problem is that for three days REC has given back-to-back gains, so it has to pause. The buying should be done only on a pause not immediately."
He further added, "Godrej Industries has been a favourite when it broke earlier first time at Rs 230. It is now in a trading range. I would not go and buy it. The trend is up, but the entry points in Godrej should be considered carefully. We should buy it only on a deep correction and that deep correction can bring it back to Rs 300 where appropriate points will exist to enter, not now."