Buy Amara Raja Batt at current levels: Sukhani

Sudarshan Sukhani of s2analytics.com advice traders to buy Amara Raja Batt at current levels.

Sukhani told CNBC-TV18, “This is not the first time Amara Raja Batt has hit 52-week highs, and it has been doing that consistently. I expect that there is a significant upside left here. In fact even after today’s rally if somebody is a positional trader which means the person has a view of three to six months even at current prices it is worth buying.”
He further added, “Crompton Greaves is a very disappointing chart so we just let it slide; let it go wherever it wants. There is no buying here which means we can’t say okay – this is a correction, this is a dip, let me go and buy. This is like catching falling knives in Crompton Greaves. It could easily go, slide below Rs 100 and go much lower. I wouldn’t touch it.”