Tuesday 4 November 2008

Sell Suzlon Energy on advances: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that Suzlon Energy for short to medium-term players is actually a sell on advances because there is going to be huge amount of overhead supply coming in from players who are trapped at higher levels.

Bhambwani told CNBC-TV18, "Suzlon for short to medium-term players is actually a sell on advances because there is going to be huge amount of overhead supply coming in from players who are trapped at higher levels. So up moves are likely to be much laboured."

He further added, "As far as Satyam is concerned I think this is one of the more top heavy frontline technology counters and short to medium-term investor should actually use any kind of advance to get out of this stock."

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 06:38

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