Friday, April 20, 2012

Buy Bharti Airtel, Maruti Suzuki


Sukhani told CNBC-TV18, “Maruti Suzuki is worth a buy and assuming that the markets remain choppy the impact of the markets on the stock would be minimal. So Maruti is a stock that you can take home today or certainly look into next week.”

He further added, “ Idea Cellular has not bottomed out, but Bharti has. Bharti Airtel has very strong support at the lower levels, Rs 315-320 and it comes there and when it comes there that’s the time when we want to go long in it. So Bharti also has some attractive chart patterns suggesting that at least a rally of some kind is possible. So Bharti is a buying opportunity, but not idea.”

“PFC and REC, both stocks continue to remain buying opportunities, but I think the correction that started today will work out in the next couple of days. So I don’t know if they are good buys on Monday. But once they go through two or three days of consolidation and dips they certainly should be bought into.”

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