Stay away from Suzlon Energy, says Sukhani

Sudarshan Sukhani, s2analytics.com advises traders to stay away from Suzlon Energy and one may buy Unitech on decline.

Sukhani told CNBC-TV18, “Suzlon Energy is a stay away. Its just one day and it’s on the back of news that may or may not be positive. The company says we can’t pay our debt and that’s led to a stock price rise. That may not be sustainable.”
He further added, “Unitech is a different issue. It seems to have built some kind of a minor support level. It’s now moving up. There is some news to back it, but irrespective of the news the charts tell us there is an uptrend that has started and seems sustainable. It’s a very speculative stock. Traders must understand that, but for momentum traders who understand the risks there is a buy trade in Unitech. Wait for some intraday dip and consider going long.”