SKS Microfinance may extend rally upto Rs 194-196: Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Decent move in case of SKS Microfinance today. Definitely one can look at taking a chance, but the stoploss would be at Rs 170 that is about Rs 10 lower from current levels. So long as the stock stays above Rs 170 chances are that the pullback might extend towards Rs 194-196. So this is one of the very few counters where there is a buying probability."

"A strong consolidation has taken place in Multi Commodity Exchange of India over the last couple of trading days just that buying is recommended above Rs 497. If the stock crosses Rs 497 there is a trading opportunity and then stock can then move towards Rs 525-530 over the next couple of days," he added.