See downside in Voltas, says Sukhani

Sukhani told CNBC-TV18, " Sintex Industries is not a perfect base building exercise yet but the signs are evident that the lows are in place, it’s now trying to inch upward. Yesterday there were decent gains, it closed higher and some kind of a micro double bottom is also being made. So yesterday’s gains should build on and Sintex is well poised for more gains here."

He further added, "Voltas has been disappointing after the news and then a subsequent rally. The rally fizzled out, it didn’t actually see follow-through. The Nifty went from 4,100 to 5,100 and Voltas came down from Rs 110 to Rs 100 and that is not good news. So there is a sense that at least for the short-term Voltas is facing a lot of selling pressure and one could see some downside here."

"The targets for these short selling ideas are quite modest but there is money on the downside if the trader can catch it. If the stock starts weak then it’s a sell."

Disclosure: I have no personal holding in the above stocks.