Sunday 5 October 2008

Punj Lloyd best in infra space: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Punj Lloyd is probably the best chart in the infrastructure space.

Sukhani told CNBC-TV18, "Punj Lloyds is probably the best chart in the infrastructure space. It is doing a correction in an ongoing bull market. In fact that is surprising. So that is the first stock I would pay attention to whenever there is a sense that stability is coming in the market."

He further added, "There is nothing for JP Associates. I must remind you that this stock moved up from Rs 5 to Rs 500 so even Rs 100 may be high. It is very difficult to make a call. The charts are not telling us that there is a buying opportunity. It is falling, let it fall and find its level first."

Source: MoneyControl

Posted by Harsh at 23:51

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