Friday, 14 November 2008

Do not buy telecom stocks: Sukhani

Technical Analyst, Sudarshan Sukhani is of the opinion that one shouldn't buy telecom stocks.

Sukhani told CNBC-TV18, "Bharti remains in a trading range, now inside the trading range it is moving up and down and slowly pushing on the downside. Neither is Reliance Communications showing a good chart pattern, so telecom is not a buying opportunity."

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.