Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sun TV has seen a very decent rally after almost a bear market. It is now breaking out of a strong resistance zone, apart from whatever news and reports are there. The charts are conducive. So, take a trade on the long side in Sun TV. Keep it as momentum trade, don’t get married to it but consider buying it.”
He further added, “LIC Housing Finance had a very tepid and mild correction when the bank Nifty was falling. That is a sign of relative strength. Today it is moving in a very narrow range. Narrow range days normally are succeeded by big range breakouts. Assuming that the range breakout is on the upside which is what we are assuming today is a very good day to buy LIC Housing expecting big moves in the next few days.”
”ICICI Bank has literally been crashing for the last 8 days. That decline has come to a strong support level and today the prices are little volatile, not moving anywhere but giving a sense that the worst is over, so two buy on dip stocks and Sun TV a breakout,” he said.
Disclosure: Analyst has his family do not have positions in the above stocks.
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