Hathway Cable has target of Rs 240: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that Hathway Cable and Datacom has target of Rs 240.

Sukhani told CNBC-TV18, "On Hathway Cable and Datacom the technical targets would be Rs 240 but even that is much higher than where it is today. Clearly there is upside here and yesterday it has a small correction, so perhaps after a correction maybe gives it one or two days and then it becomes an excellent buy."

He further added, "PSU banks have been my favourite but it is not technically significant. All it says is that there is some momentum on the upside and while the going is good for the next few days these stocks can be bought into. But even that is not a good idea. Because we should buy stocks that show relative strength. So far PSU banks have been the weakest in terms of strength versus the Nifty. That is why I suggested private sector banks rather than this."