Monday 3 November 2008

Punj Lloyd a best choice for a trader: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Punj Lloyd would be the best choice for a very short-term trader.

Sukhani told CNBC-TV18, "I used to like Punj Lloyd and then it fell down 50%. So it becomes very difficult - all of them are at 20-30% off their levels.

He further added, "Frankly, I like Punj Lloyd and Hindustan Construction both. That does not mean much because they have fallen a lot. So they need to make those bases before anyone can invest in it. For a trader who is looking for a very short-term move, I think Punj Lloyd would be the best choice."

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

Source: Moneycontrol

Posted by Harsh at 06:54

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