Sudarshan Sukhani of s2analytics.com is of the view that one should avoid SAIL .
Sukhani told CNBC-TV18, "After yesterday's very big sharp decline we still don't go and do any bottom fishing. SAIL is not a stock at this point where we want to buy. So either we sell on rallies. My own sense is that today markets should be cheerful, so short selling has its own risks. But SAIL is a clear avoid. Either it's a sell or an avoid."
He further added, " IFC I is a sell. From Rs 18 it went all the way to Rs 48. It increased roughly three times. It's ridiculous and it's going to go down in the same fashion. So every opportunity in IFCI should be sold into. Professional traders should watch this chart and I think they will get a ride all the way to Rs 18 even if the Nifty moves up."
