Pantaloon Retail may slip to Rs 125-130: Sukhani

Sukhani told CNBC-TV18, "I think Dish TV is topping out. It reached this level then it corrected a bit. A second try has been made. A strong resistance is available in Dish TV and it is a short sell rather than a buy. In fact with a very low risk it is short selling idea. Even if nothing happens and it falls 5-7 points; a lot of money can be made."

He further added, "I would be a seller in Pantaloon. The stock is topping out, it has not confirmed that top, so there is a caveat here but it is clearly making a pattern that I would treat as distribution. I don’t think its going to go up anymore on the retail news. It has done it so many times, people will probably forget it. Pantaloon is now coming down and the chances are it will come down all the way back to Rs 125-130."