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Buy Hindalco Industries on dips: Sukhani

Posted by sandhyaravii on June 1, 2012

Buy Hindalco Industries on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Hindalco Industries is giving some signs of bullishness but the patterns are not visibly made. There is a suggestion that probably in the short-term there maybe a rally that continues. So Hindalco remains a buying opportunity. I think it is wise to take it on a dip, on some consolidation breakout. Targets of Rs 121-125 are possible.

He further added, “I would buy Jaiprakash Associates . After a long time Jaiprakash Associates has come in my buy list and the decline is flattening out. It is not easy to say that Rs 60 is the final low because if the Nift starts collapsing then Rs 60 won’t hold. But talking of today, next week, at Rs 60 it found a lot of support and it is worth buying into. Any small rally in the stock can be handsome in terms of percentages, so I would be a buyer here.”

http://www.moneycontrol.com/news/stocks-views/buy-hindalco-industriesdips-sukhani_712010.html

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