Moneycontrol
Oct 17, 2016 01:22 PM IST | Source: CNBC-TV18

Sell Dabur India, CESC, Bajaj Auto: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Dabur India, CESC and Bajaj Auto.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "ICICI Bank is an exception and that is the reason why the Bank Nifty is up; whatever up it is. Even ICICI Bank at some point, maybe today, maybe tomorrow, becomes a short sell. The rally probably will spend itself."

"The trades are primarily on the short side. Dabur India is a short sell. All FMCG stocks are now turning weak. Colgate was a sell in the morning and Titan Company also and we are just adding Dabur to that list," he said.

"CESC is a short sell. Midcap stocks are weakening. CESC has more or less confirmed a large distribution pattern and that tell us that a deeper correction is in the offing."

"Bajaj Auto, a bluechip is a sell. The fact that bluechips are giving signs of short selling tells us that the market won’t go up in a hurry; at least that is the sign so far."
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