Aditya Birla Nuvo can test Rs 1000: Sukhani

Sudarshan Sukhani of s2analytics.com feels that Aditya Birla Nuvo can test Rs 1000.

Sukhani told CNBC-TV18, "I see a lot more on the upside in Bata India. Now naturally in a softening market Bata India will not do what it would have done otherwise but it is doing the right things, these stocks will not stop here, a lot of these stocks will go much higher than we can imagine. Bata India is one of these stocks and I would expect it eventually to reach high four digits, not today of course but it is a buy. If you see any intraday consolidation in Bata India, go ahead and buy it, it is an excellent intraday trade also."
He further added, "Aditya Birla Nuvo shot up on Friday with a very big move. It is very unusual for Aditya Birla Nuvo. It was in a trading range, it came out of that trading range and actually met its trading range target all of it in just one day. So that part is over but the fact that it moved out of the range, it reached and hit the Rs 860-870 levels that tells us that this stock is now beginning an up move."
"It is a positional trade rather than just a day trade but if there is any correction or dip and we start seeing follow-through for intraday trader, here is another stock like Bata which is probably moving higher. I would expect it to touch Rs 1000 and irrespective of how deep the correction in the Nifty is this one should eventually go there." Disclosure: I have no personal holding in the above stocks.