Wednesday 16 September 2009

Buy Television Eighteen: Sudarshan Sukhani

Sukhani told CNBC-TV18, "I like TV18 and that is a surprise because I have been very bearish on that stock for many months and the stock prices have more or less justified my skepticism. TV18 after a very sharp correction - first a sharp rally and then a sharp correction – is in a trading range. Yesterday it picked up a little but that is what we need to know that maybe it is coming out of the trading range. So, it is a low price stock in a sense it has corrected a lot. So, there is a lot of potential on the upside. I am not talking about fundamentals but technically there is a buying opportunity here and once these themes get captured by the market, the rallies could be much higher. For a day trader, you have targets; for a positional trader, it could be very interesting.”

Source: Moneycontrol

Posted by Harsh at 01:23

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