See higher levels in Reliance Communications: Sukhani

See higher levels in Reliance Communications, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Reliance Communications looks good for more. It is an amazing rally that it has seen all the way from Rs 50 to Rs 80 and looking at a higher level now. It was in a narrow trading range and thanks to yesterdays Bharti Airtel’s move, all telecom companies are now roaring for higher levels."
He further added, "Yesterday also I explained it and today also, we have to see the context. If the markets remain stable approximately where they are now 6050 or there about, all long trades that we discussed should be taken.  Otherwise R Comm is not going to do its own thing if the Nifty decides to take a day off."
"Axis Bank is now at new highs for this bull market. Excellent chart and it was in a trading range and the sense was that okay its undecided. Yesterday thanks to the reports, thanks to the market conditions, it broke out. That breakout tells us Axis Bank is a buying opportunity."
"In fact in a choppy environment if the Nifty were to go choppy, any correction or minor intraday decline in Axis should be used by day traders, short-term traders to take a long position. There is more upside here."