Go long in Raymond, says Sukhani

Go long in Raymond, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Hexaware Technologies is going in a trading range for the last six-seven days. So I am assuming that if it breaks out of the trading range and it has to do nothing, move above Rs 130 it becomes a buy in spite of the subdued market that we will see today. So, Hexaware is an outstanding candidate for a long position, for hedge, everything on the long side."

He further added, "I am long on Raymond. It is an outstanding stock. Some of the textile names have disappointed. Century Textiles has become a sell now but fortunately Raymond declined from Rs 435 to Rs 350 was a correction. That correction seems to be over and its original uptrend is resuming, so an initial target for a trader is Rs 435 where its earlier highs were made."

"I expect for a short-term trader also this rally to continue to Rs 435-440 level. So whether you are a day trader or you are taking positions, Raymond should be considered for the long side."