Book some profits in REC, says Sudarshan Sukhani

Book some profits in Rural Electrification Corporation (REC), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "In Rural Electrification Corporation short-term trader should take profits at least on half of position. If one has a longer time horizon REC is promising a target of Rs 250 plus. So, one should wait for that target. While that target is within reach it is possible that the stock may see corrections and may have volatile movements that one should be prepared to accept, but eventually I do see it cross Rs 250."
He further added, "I advised fresh long positions in the morning and even now if there are intraday corrections or intraday consolidations in infrastructure then new long positions can be taken. Remember, these are just one-two trades. They are not something more than that. Keep a tight stop loss. But I suggested that infrastructure is playing catch-up. So, Friday’s move was not enough. Probably, there is more upside here."