Buy Punj Lloyd on dips: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one can buy Punj Lloyd on dips.

Sukhani told CNBC-TV18, "Punj Lloyd actually is in a bull market of its own, the charts are so goods so this is a dip and it has filled today’s mornings gap also and that is what a good stock should do. So I would say if you are looking for an investment any dip like this any panic like this is a worth while opportunity to buy Punj Lloyd."

He further added, "Cairn India has also gone down, so the rally today is not significant it has gone down much more and while natural resources remains a very big favorite for me may be we want Cairn to bottom out build a base before you start buying."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.