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Wednesday, April 8, 2009

Long Term Investment Opportunity - Indian Hotels - Best Hotel Stock

Technical Analyst, Sudarshan Sukhani is of the view that one can look at Indian Hotels as an long term investment opportunity.

Indian Hotels broke out after a very long period of congestion. I think that is a stock that an investor could look at and say if I am prepared to put money in the market let me buy it and forget about it - probably it is bottoming out, building a base that also means that the lows may well be defined, even if the Nifty were to fall more. So, I am now looking at the stock as an investment opportunity, I don't think it is a stock that you can actually trade in but Indian Hotels seems good.
Source: Sudarshan Sukhani on CNBC TV18

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