Buying opportunity seen in Polaris, says Sukhani

Buying opportunity is seen in Polaris, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Polaris had a decent run today but we must remember it’s fallen from almost Rs 200 to Rs 103-105 that was the lows. But now it suggests that the worst may be slowly going behind it. That suggestion is coming for a number of stocks including infrastructure. So Polaris at current prices is a buying opportunity. Even after today’s big move I think there is much more upside here. So that’s a trade that somebody consider taking.”
He further added, “TTK Prestige has defied gravity uptill now. I don’t think that can continue to happen and no matter what the upgrades I would expect it to be lower in the next 6 months than higher. So I would stay away from it completely.”
“I have been looking at IFCI tomorrow morning because IFCI has made some bullish pattern. It’s not one of my favorites but that doesn’t matter. Sometimes these stocks do their own thing in the short term. The other is DLF and HDIL. These are two stocks in the real estate sector that are now suggesting some rallies are eminent so this is what I am looking at for tomorrow.”