Buy REC, says Sudarshan Sukhani

Buy Rural Electrification Corporation (REC), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Rural Electrification Corporation (REC) has seen a decent rally, a small correction and that correction stopped almost at Rs 215-220 which is where support comes in. REC and to some extent PFC are both buying opportunities. I think there is a very strong rally coming in these two stocks. We are talking of REC today but it’s the same. It’s an investment buying opportunity, not just a day trade."
He further added, "Buy Shriram Transport Finance Corporation. Some of the midcap financial services are showing some excellent charts. Shriram Finance saw a dip to Rs 500 since then it’s been making higher highs-higher lows, seeing nice uptrending pattern. That pattern was not disturbed on Friday, that continued. It’s on the verge of a breakout on the upside. So Shriram Finance in next two-three days or even today a small intraday dip – but Shriram Finance is more of a positional trade, you carry it for few days, not just for one day."