Buy Century Textiles, Raymond on dips: Sukhani

Sukhani told CNBC-TV18, "Century Textiles made those new highs for this bull market or its own bull market and stocks that made new highs must be bought. Second thing is that even at current prices, Rs 360-370, if you look at where Century Textile was in the last bull market, it is much lower. So there is a lot of headroom for it. I think these three stocks and they keep on coming one-by-one, Bombay Dyeing , Raymond, Century Textiles, at this time doing something different. We don't know but so far as the chart support, they should be bought repeatedly on dips and on breakouts both."

He further added, "Siemens' chart is a disaster. It fell from lofty levels and then there was that buyback or whatever it was and since then it has not recovered at all. Now it is making a rounding top suggesting a major top is in place and probably going back to those Rs 600 levels, it is not going to do that in a hurry. So the price patterns for the last two-three days suggest that there is significant pressure in the short-term. So I think this is a stock - and once these stocks start trending, they don't reverse back intraday. So if there is any bearish pressure today, it is probably a wise trade to take a short position because you will see a sustained move."