Pick NCC, says Sudarshan Sukhani

If you see something going good in NCC, you should take a long position and avoid short positions. It is a good opportunity for some people to go and start building positions here, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "The NCC charts have turned bullish, upbeat. It has completed its bear market and that was a long stunning bear market for all construction and infrastructure stocks not just for NCC Limited but that seems to be behind it now. So it is probably a good opportunity not only for day traders and short-term traders. If you see something going good in it you should take a long position and avoid short positions. It is a good opportunity for some people to go and start building positions here."
He further added, "CESC is very volatile. The charts are choppy and they are all over the place. First we had that big decline on the back of news that it is going into a new business, taking over and everything then a rally. This is not a chart you actually want to trade. So just purely on technical, the trend is up but because stock selection is an opportunity for traders I wouldn’t touch it."
"There are so many other Tata Group companies which are giving excellent charts, Tata Steel, Tata Motors why would we trade Tata Comm? This is not a tradable counter in any case. It goes up and down and again because of the low volumes is prone to manipulations also. It is a buy, the trend is up but avoid trading it."