Buy Adani Ports, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Adani Ports and Special Economic Zone fell after a sharp correction, came to Rs 300 and found support there. The overall trend of the stock is up, so we are buying at support, it is a nice place to enter. If it doesn’t work we get stopped out for a small loss. If it works then we go back to Rs 340. However, Rs 340 is a solid resistance but from here to Rs 340 there is a fair amount of money."

At 11:02 hrs Adani Ports and Special Economic Zone was quoting at Rs 318.60, up Rs 0.15, or 0.05 percent. It has touched an intraday high of Rs 321 and an intraday low of Rs 317.50.