Go long in S Kumars Nationwide, says Sukhani

Sukhani told CNBC-TV18, "S Kumars Nationwide did a nice base building process and then broke out of it. So, it does tell us that probably at Rs 26, there is a lot of support and the stock is likely to continue its rally, may be have some pullbacks. So the trade here is to go long. It seems to be now doing all the right things.

He further added, "I would still be a short seller in Cairn India . My own sense was that we will Rs 280-290. We have seen that earlier. There is nothing to buy; a rally needs to be sold into. Cairn should bottom out at significantly lower than Rs 300."