Go long in Dish TV: Sudarshan Sukhani

Written By Unknown on Jumat, 22 Maret 2013 | 16.02

Sudarshan Sukhani, s2analytics.com advises short term traders to go long in Dish TV.
 
Sukhani told CNBC-TV18, "Technically Dish TV is a case for buying. There was earlier low of Rs 62, Dish TV went and then found support. It has bounced back above that. These long ideas have to be carried with stop losses because the markets can suddenly start collapsing. But technically for the short-term trader there is a case to go long in Dish TV. If you are lucky then you are buying almost at the lows."
 
Dish TV touched its 52-week high Rs 84.90 and 52-week low Rs 56.45 on 05 October, 2012 and 15 May, 2012, respectively. Currently, it is trading 25.03% below its 52-week high and 12.75% above its 52-week low. Market capitalisation stands at Rs 6,793.39 crore.

Disclosure: I have positional shorts in the Nifty and I have just taken a long position for an intraday trade.



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