Delta Corp has target of Rs 50-51: Sukhani

Sukhani told CNBC-TV18, "We want to buy TCS , not necessarily today; today, tomorrow. TCS should again cross Rs 1,300 whenever the market stabilizes and start looking to make those new highs. So, TCS is a perfect opportunity to build a hedge if I am short or simply to go long."

He further added, "The immediate target is Rs 50-51 but that doesn’t mean the downside is done. Like in VIP I feel that maybe something will come up and find support. In Delta Corp that visibility is not there. If I short in it or want to take a short position I would be willing to take some risk and expect more downside and not just Rs 51."