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

Posted by Harsh at 01:24

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.