Buy JP Associates; stay away from Reliance Infra: Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to buy JP Associates and stay away from Reliance Infra.

Sukhani told CNBC-TV18, “Jaiprakash Associates is in an uptrend so any declines there are to be treated as a correction. Whenever this decline stops, stems for the Nifty and for the individual stocks JP is a buy.”
He further added, “Reliance Infra is not a buy. It’s in a downtrend. We are seeing this relief rallies. So investors would be well advised to stay away from it. BHEL it’s a very indifferent performance, it falls more than it rallies. I don’t know whether it’s a short selling candidate because probably there is limited downside but it’s not a buy because it could take months to build a base before it actually does a breakout on the upper side and there is no sense for a trader to get inside it now.”