Monday 10 November 2008

Stay away from ITC: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from ITC as it has been a non-performer in his view.

Sukhani told CNBC-TV18, "Suzlon Energy is one of favourite stocks; it is no longer visible on the chart, it has fallen so much. I would not buy it. These stocks have to stop falling, build a base, consolidate, breakout this entire process will take a months so there is no rush."

He further added, "ITC has been a non-performer in my view; it’s been in a trading range for many years like Hero Honda. So there is no investment buying here and there is no momentum, stay away from it."

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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