Friday, 18 September 2009

Buy IT stocks, says Sudarshan Sukhani

One can buy IT stocks, says Technical Analyst, Sudarshan Sukhani.

Sukhani told CNBC-TV18, "Midcap technology stocks have rallied a lot, gone through a small and brief correction and now have started a rally again yesterday. Purely on charts, the entire midcap universe in IT and the largecaps are now buying opportunities because the largecaps actually moved up to new highs again for the season. So for short-term trader there are opportunities here. A lot would depend on how the Nifty behaves but with some stop losses, it is possible to enter on dips in these stocks. In any case, do not short sell.”

Source: Moneycontrol

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