Go long in Ceat, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ceat is telling us that the next upthrust is coming. I would be comfortable going long in it. The idea is to make money, buy Ceat in equity."

At 10:16 hrs Ceat was quoting at Rs 322.25, up Rs 4.65, or 1.46 percent. It has touched an intraday high of Rs 323.65 and an intraday low of Rs 316. The share touched its 52-week high Rs 338.70 and 52-week low Rs 87.15 on 05 December, 2013 and 22 March, 2013, respectively. Currently, it is trading 4.86 percent below its 52-week high and 269.76 percent above its 52-week low. Market capitalisation stands at Rs 1,158.67 crore.