Wednesday 5 November 2008

Exit Suzlon Energy on big moves: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one can buy Suzlon Energy for a momentum play but remember to exit whenever another big move happens.

Sukhani told CNBC-TV18, "For anyone who is looking to just buy for a momentum play, you go and buy Suzlon Energy but remember to exit whenever another big move happens. For investors, there is no base building yet and for traders who are not prepared to take that high risk, I do not think Suzlon is offering any opportunities. The charts are not giving any buy signal."
Disclosure: Analyst has delta neutral positions in Nifty and investments in shares.

Source: Moneycontrol

Posted by Harsh at 16:22

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