Wednesday 8 October 2008

Balrampur Chini an buying Opportunity: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that if one is having appetite for risk and spare money then Balrampur Chini Mills would be a buying opportunity.

Sukhani told CNBC-TV18, "Midcap stocks are falling like ninepins, there is no support, there are no levels you just have to wait for them to stop falling. I don’t think there is any reason either I am not saying they are justified at higher prices, I am saying that they are just falling because everything is falling."

He further added, "Balrampur Chini has a better chart this is relative to Bajaj Hindusthan. I would say that if you are having that appetite for risk and if you have spare money then a Balrampur would be a buying opportunity."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.

Source: Moneycontrol

Posted by Harsh at 23:39

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.