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Last Updated : Dec 21, 2015 10:07 AM IST | Source: CNBC-TV18

See upside in Nalco, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may see upside in Nalco.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Metals are now coming into our buy list which is very surprising. Yesterday throughout the week metals were a theme on buying, we were going long and intraday longs were also suggested. Surprising how the worldwide markets or the environment is weak but metal charts in India are looking up."

"Nalco has confirmed a bullish head and shoulder and that has done after a big decline. There is some upside here and it is not a day trade, it is not an instrument you should buy and sell in the afternoon. However, you buy and hold it for a few days and you will probably make money," he added.

"Metals are not yet an investment idea, not even in a positional trade. They are giving us signs of life so let us take what we get."
First Published on Dec 21, 2015 09:59 am