Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India has been one of those stocks which after a bear market have now started a new bull move and that is irrespective of what the Nifty does. It is in a trading range currently but that trading range should eventually be resolved on the upside because the trend is up. We are not looking at that resolution, just going to the upper end of the trading range is enough for a short-term trader. It is an outperformer and relative strength is good. So, GAIL is a buying opportunity. Since I am expecting a mild buzz in the Nifty on the upside, I have more buys than sells." "Adani Power is finding support after a very long decline. Power stocks generally have been relative outperformers, so if the support holds we are literally buying at the lows for an upswing. It is worth taking, it is worth buying. As traders, we understand that not all our trades will work. If it doesn’t, we always use a stop loss but because of that support with exactly same point that you are seeing, let us go long in it," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
