Wednesday, 29 October 2008

Stay away from IFCI: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Stay away from IFCI.

Sukhani told CNBC-TV18, "Stay away from IFCI. Financials are not the flavour of the season and IFCI is not the flavour of the financials anyway. Retail investors should never try to get into such stocks. I hope they have learnt their lesson this time."

Disclosure: Analyst has delta neutral positions in Nifty and investments in shares.

Source: Moneycontrol

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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.