Technical expert Sudarshan Sukhani has given a sell call for Financial Technologies. The intraday target for the stock is Rs 1220.

Mr. Sukhani has given a stop loss of Rs 1320 during at interview on financial news channel CNBC TV18. Financial Technologies is currently trading at Rs 1250, down by nearly 2 per cent. The stock has hit an intraday low of Rs 1232 on NSE.

The stock is trading at P/E multiple of 26 and has touched 52 week of Rs 1895 on NSE.

Technical expect Sudarshan Sukhani has given a buy call for banking major PNB with a target of Rs 890. The stock is currently trading at Rs 867, up by Rs 2.5 on National Stock Exchange.

During trading call on CNBC TV18, Mr. Sudarshan Sukhani has suggested a stop loss of Rs 850 for the counter. The stock has touched an intraday high of Rs 875 today. The stock is trading near its 52-week high.

PNB is trading at a P/E multiple of 8 compared to an industry average of 10. PNB has touched a 52-week high and low of Rs 875 and Rs 286.

Moser Baer India, optical media and solar energy products major, has reported that it has entered into definitive agreements to supply solar modules to European solar system integrators.

The agreement, with a cumulative value of more than US$500 million, involves supply of amorphous silicon Gen 8-5 thin film panels by PV Technologies India Ltd, Moser Baer's photovalic subsidiary, up to fiscal 2012. The names of the clients include Ralos Vertriebs and Colexon Energy.

It was an oscillatory session on Dalal Street. Indices got down to a miserable start, but small covering assisted them go back a big amount of their losses. But, unenthusiastic persuasions prevailed, and even the late upturn did not have the thrust to facilitate indices appear in the green zone.

The Nifty closed down 71 points lower at 4,108, whilst the Sensex closed shop at 14,141 after losing 217 points.

Technical Analyst Sudarshan Sukhani of Technical Trends is optimistic on Reliance Energy.

According to technical Analyst, Sudarshan Sukhani the investors should stay away from Reliance Capital.

Sukhani said, “Nagarjuna Fertilizer first the stock has broken out,4:46 PM 7/26/2007 5-10-20 year base and it’s the stock that clearly is going to go places I don’t know how much time it is going to take. But it’s a stock one need to buy and in fertilizers it might be an out performer in the broad market also, so I like that stock.”

Technical Analyst, Sudarshan Sukhani is of the view that investor should hold up Jet Airways stock as it has expectations to rise.

Sukhani stated that it is rising from a long-term bear market. It has really emerged of that, and established a large base, and presently it’s moving in the up-ward direction.

Technical Analyst, Sudarshan Sukhani is of the view that investor should hold up Jet Airways stock as it has expectations to rise.
Sukhani stated that it is rising from a long-term bear market. It has really emerged of that, and established a large base, and presently it’s moving in the up-ward direction.

Reliance Industries stock is attracting investment support for the value gains linked to its strong position. Technical Analyst, Sudarshan Sukhani has advised stock holders to hold Reliance Industries to see 2000 near the Q1 results time.

IFCI is always an outperformer and a favourite stock. Technical analyst Sudarshan Sukhani said that it is a good time to buy the stock in order to make healthier gains in the coming days.

Mr. Sukhani narrated, “Reliance Capital is a dream again for those who held on. I sold off my shares in the last few days. IFCI all of us are saying will come down, that doesn’t mean anything the stock is not coming down, it is consolidating, building a base and it is now ripe for a big upmove. The final target, which people talk about Rs 70 or something could well, is in sight, so IFCI is a stock that people should be looking to buy.”