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Buy textile stocks on dip: Sukhani

27 Aug 09 10:58 AM
Money Control
Technical Analyst, Sudarshan Sukhani is of the view that one can buy textile stocks on dip.

Sukhani told "Arvind and Alok Ind have seen decent rallies on the back of fairly lengthy consolidation patterns. So they have built a base, Alok has broken out of it, I have talked about Alok earlier last time and Arvind is following it. They both primarily are doing the same things. The key question is do you want to buy this breakout? If yes wait patiently for a dip and buy it because if the market remains steady there are higher levels to come for this entire sector.”