Prefer SCI to MMTC: Equityrush

In a chat with ET Now, Kunal Saraogi, technical analyst, Equityrush, talks about the outlook of SCI and MMTC.

How are SCI and MMTC looking on the charts?

SCI has been consolidating for a long time. It is still stuck in a range between Rs 150 and about Rs 178. Until the stock breaks out of this range, you would not see a very decisive kind of move on the stock. However, I still maintain a hold on the stock.

MMTC has got too wild kind of a movement and you could definitely avoid this stock. Given the kind of volatility that we have seen recently on the counter, I would rather put my money into SCI than on MMTC.