Sukhani told CNBC-TV18, "I want to buy Opto Circuits but the charts don't allow me to. Every time I look at it and there is a new low, there are new patters on the bearish side. So Opto Circuits continues to be a sell. It is probably one of the relatively safer selling bets even in a mild uptrend which we could see today."
He further added, "In Kotak Mahindra Bank the target for a day trader or short-term trader is Rs 640 but it is not going to stop there. It is one of the best stocks to trade today on the long side. If this market has an undercurrent of support then Kotak is breaking out, it broke out yesterday itself from a trading range and it did not correct."
"The Nifty has corrected almost 300 points but Kotak has not done anything, it went into a trading range which was a replacement for the correction. So again here it is not just a day trading buy. Somebody wanting to take positions can take them starting today, it is a very good day to enter into this bank."
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