Exit JSPL, ICICI Bank, DLF: Sukhani

Sukhani told CNBC-TV18, “I do not expect the rally in commodities to continue for much longer. It’s started today and it will dissipate probably in the next few days. Jindal Steel & Power is an underperformer. Traders should not buy underperformers in anticipation of something different. We don’t know when that will happen. So, one should exit from JSPL.

He further added, “One should move out of ICICI Bank . We have seen an 80 point rally in the Nifty thanks to ICICI Bank has gone up today. Very short-term trader should take the profits and move out.”

" DLF is up Rs 10 from its recent low of Rs 188. So there is some bounce here. I am saying this, because this is a good time to exit this trade. DLF has a fairly bearish chart. There are a lot of other stocks that will do better. So real estate is not the sector of choice just now. One should exit from this stock."