Buy PFC; India Cements looks weak: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Power Finance Corporation while India Cements looks weak.

Sukhani told CNBC-TV18, "Power Finance Corporation reached its pattern target of Rs 140-150 and after that it’s not falling anymore. It is more of a reversal trade. One doesn’t know how this is going to work out, but if it works out then it is a fairly high beta space stock for some unknown reason. So, a significant rally is possible for long only traders and the downside seems to be quite limited. Risk is low and incase it rallies, reward is pretty decent and high, it is available in futures. It is a buy." He further added, "India Cements is making new lows, in fact, the cement sector itself is in a deep correction of some kind and India Cement is the weakest of the lot. I do not think one want to sell in a market that is optimistic at least for the time being. But if at all a short sell is to be looked at cement as a sector and India Cement the weakest of them should be considered."