Buy PVR, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com advises short-term traders to buy PVR at current levels.

Sukhani told CNBC-TV18, “PVR is now approaching a significant resistance so from current levels only short-term traders should be looking to buy the stock and that also for quick gains. If it works out good, if it doesn’t, they should be considering an exit. For anyone wanting to build a position in PVR this is not a good time. The charts itself don’t give strong prospects either. So to me it is not a very upbeat stock anymore.”
He further added, “I wouldn’t touch BHEL, I wouldn’t buy it because what had happened was the gains were coming after significant losses. We have to keep that in context. So it is far better to wait. If BHEL is going to go up it will stop falling which is what it has done and stabilize at current levels. That requires some time. We had a wonderful week last week, everything we discussed been a buying opportunity, that period is over. Now if traders rush into the market with their money they are going to lose it. This requires patience till the next leg of the up move starts.”