Buy Ballarpur Industries

Sukhani told CNBC-TV18, "In Ballarpur Industries there was a rally, it went all the way to Rs 40 then it slide and was almost forgotten. But it has a very attractive chart, it is trading in top of its range, in the sense that the range is wide from Rs 17-24 and is moving around Rs 24 band for quite some weeks now, not just days. It is on the small correction which tells us that perhaps this is a buy on dips opportunity."

He further added, "Now we are anticipating that sooner or later that Rs 24-25 band will be broken on the upside simply because it is on the upper end. It is a good buy because if this rally is going to begin then the small correction has probably come to an end yesterday or today, it made some very narrow range bars. Now there is no F&O, so you just go and buy the equity and that also carries less risk because there is no leverage. So it makes a lot of sense to go and buy it, wait patiently. It could reward in two days or in 20 days."