Sudarshan Sukhani, s2analytics.com advises short term traders to book profit in HDFC Bank at current levels.
Sukhani told CNBC-TV18, "I would not go for Titan Industries . It had a good run because midcaps are having a good run but charts are not suggesting any significant upmove. You can't trade a stock for just one-two days based on a one day pattern. There must be a trend and then we trade it on the long side if the trend is up or otherwise."
He further added, "I wouldn't go and buy HDFC Bank. Sometimes, after a big run up, the stock consolidates which is what could easily happen with HDFC Bank. It is good. If you own it as a short term trader, take profits."
Sukhani told CNBC-TV18, "I would not go for Titan Industries . It had a good run because midcaps are having a good run but charts are not suggesting any significant upmove. You can't trade a stock for just one-two days based on a one day pattern. There must be a trend and then we trade it on the long side if the trend is up or otherwise."
He further added, "I wouldn't go and buy HDFC Bank. Sometimes, after a big run up, the stock consolidates which is what could easily happen with HDFC Bank. It is good. If you own it as a short term trader, take profits."
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