Buy Syndicate Bank, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I would be a buyer in Syndicate Bank. It has actually rallied from Rs 92 to Rs 116, a big rally but there are no signs that this rally is getting exhausted, some of the PSU banks have taken off, while some others are little laid back. I am mildly upbeat on the markets starting today tells me that we should wait for the first 15 minutes. If it crosses the highs go and buy it."
He further added, "HDIL has a very attractive chart, it was in a trading range for months. It went out, failed, came back again and then it took off. So that take off is not complete yet. A lot of these stocks which we are discussing for example Syndicate Bank and now HDIL have seen very attractive rallies but they have not given signs that the rallies are getting exhausted. So we have higher levels in HDIL, may be Rs 112-115."
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