Jul 02, 2013 11:18 AM IST | Source: CNBC-TV18

Sell Shriram Transport Finance on rally: Sukhani

Sudarshan Sukhani of s2analytics.com recommends selling Shriram Transport Finance Corporation on rally.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Shriram Transport Finance Corporation has already topped out. A very clear and a visible distribution pattern has been made and it is embarked on down move. This down move will not stop."

"The Nifty's rally has not prevented it from going lower. Therefore, a very classic distribution and a downtrend has started. Keep on selling it whenever one can. A small rally suggests that one can go short in it," Sukhani said.

Also Read: Shriram Capital applies for banking licence

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