Technical Analyst, Sudarshan Sukhani of s2analytics.com is of the view that DLF is a buying opportunity on any dip or even if it sustains at current levels. “Cipla is a good buy’” he adds.
Sukhani told CNBC-TV18, “After a bounce back DLF consolidated and then it broke out on the upside over the consolidation. So the context needs to be understood. As long as the Nifty remains in that trading range, we will get buying opportunities. The rally in real estate is not over. DLF is a buying opportunity on any dip or even if it sustains at current levels.”
He further added, “Cipla has been a dream of a stock, we got in at Rs 330 and it has been moving up consistently. It has now made new highs for this upmove. It is a buying opportunity. Pharmaceutical is an outperforming sector and likely to remain so. Cipla is a positional buy and not just a day trade or a swing trade. The chances are that higher levels are in the offing, so even if people are looking at buying equities, Cipla is a good idea.”
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