Sell Delta Corp , says Sudarshan Sukhani of s2analytics.
Sukhani told CNBC-TV18, " Jain Irrigation charts are decent but now its run up a lot and the signs of distribution are very clear in it, so it's likely to enter into a correction. Traders have two choices; they can trade that correction on the downside in which case I will classify it as a short sell or they can simply avoid it. Both possibilities are there but one of the things that come out is that at current levels it's not a buy, its probably going lower."
He further added, "Delta Corp is a sell. I don't know why we want to buy this stock but apparently it's a favourite among many people. There was a small rally, that rally is over with. Whatever declines it can do from current levels is not much on the downside, it's at Rs 75 or 74 but it's a sell and expect Rs 55 on it."
Disclosure: I have no personal holding in the above stocks.
