Balrampur Chini seen around Rs 100-102

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, talks to ET Now on sugar stocks.

Anything that you have noticed in sugar because the entire group of stocks and especially the smaller ones are making a pretty decent move?

Well, yesterday, I was positive on Balrampur Chini and the sugar space is bottoming out and Balrampur Chini is the best of the lot. I am seeing a move till around Rs 100-102, possibly 5-8%, whether it will sustain and the bottom is made for a long time, that still require some kind of a confirmation but if one is short at higher levels because we had recommended that. We have been talking of being short in sugar over the last almost two or three months. This is the time to cover up and start selectively going long. The best of the pack is Balrampur Chini, let's see whether the others follow or this is just a one-off case.