Prefer Biocon for long term: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Biocon is pushing against a very strong resistance level of Rs 450-455. It has been in a large trading range. The stock has not rallied as the others had done, so perhaps it will do something different. A breakout above Rs 455 would almost certainly put it in a strong trajectory. We want to again position ourselves on the long side."At 11:00 hrs Biocon was quoting at Rs 458, up Rs 6.65, or 1.47 percent. It has touched an intraday high of Rs 461.50 and an intraday low of Rs 451.