Take long positions in Nifty, Bank Nifty: Sukhani

Oct 30, 2013, 09.15 AM IST

In an interview to CNBC-TV18, Sudarshan Sukhani suggested short-term traders to take long positions in the Nifty and the Bank Nifty. "The short-term momentum in the market is in the favour of the bulls unless something unexpected happens. The market is now towards crossing all-time highs. So, one can prefer banks," he added.

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Take long positions in Nifty, Bank Nifty: Sukhani

In an interview to CNBC-TV18, Sudarshan Sukhani suggested short-term traders to take long positions in the Nifty and the Bank Nifty. "The short-term momentum in the market is in the favour of the bulls unless something unexpected happens. The market is now towards crossing all-time highs. So, one can prefer banks," he added.

Like this story, share it with millions of investors on M3

Take long positions in Nifty, Bank Nifty: Sukhani

In an interview to CNBC-TV18, Sudarshan Sukhani suggested short-term traders to take long positions in the Nifty and the Bank Nifty. "The short-term momentum in the market is in the favour of the bulls unless something unexpected happens. The market is now towards crossing all-time highs. So, one can prefer banks," he added.

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Apart from the CNX IT, most indexes are looking attractive now, says technical analyst Sudarshan Sukhani. In an interview to CNBC-TV18, he suggested short-term traders to take long positions in the Nifty and the Bank Nifty. "The short-term momentum in the market is in the favour of the bulls unless something unexpected happens. The market is now towards crossing all-time highs. So, one can prefer banks," he added.

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