Monday 10 November 2008

Reliance likely to underperform: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Reliance Industries is likely to under perform irrespective of what its doing in the last three days, while ONGC should stay with the market and perform.

Sukhani told CNBC-TV18, "Reliance is likely to under perform irrespective of what its doing in the last three days, while ONGC should stay with the market and perform."

He further added, "I don’t think Bharti Airtel is moving out of the trading range, it is still locked in a range and it could take many years just inside that Rs 600 to Rs 1,000 band so, none of the three have the power and energy to take the market to even some higher levels."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors that have been spoken about.

Source: Moneycontrol

Posted by Harsh at 07:31

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