Jun 21, 2013 05:43 PM IST | Source: CNBC-TV18

Sell Kotak Mahindra Bank, Shriram Transport: Sukhani

Sudarshan Sukhani of s2analytics.com recommends to sell Kotak Mahindra Bank and Shriram Transport Finance.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have to go with momentum and momentum unfortunately is on the downside so we will go and sell Kotak Mahindra Bank. Kotak Bank has now broken from a strong support level and is giving first signs of strong downward momentum. Today it is down big and the chances are that this decline will continue and maybe even carry over on Monday. But for a day trade now selling Kotak Bank is a good idea."

"Shriram Transport Finance is also a short sell. For positional traders Shriram Transport Finance is breaking from a bearish head and shoulder," he said.

Also Read: No plan to trim saving deposit rate from 6%: Kotak Bank

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