According to Sudarshan Sukhani of s2analytics.com, one may sell Dish TV as it has broken down from all kind of support levels. He also recommends selling IRB Infrastructure Developers.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is also possible that the markets may inch upwards and a number of weak stocks could continue coming down. I have a lot of selling ideas and one of them is Dish TV India . The stock has almost collapsed. It has broken down from all kind of support levels and keeps coming down."
"Last week Dish TV broke its last support levels. There is a free fall here. I don't know what is going on, but Dish TV is a short sell. The second short sell is IRB Infrastructure Developer . I had thought that IRB Infra downtrend should get arrested somewhere around Rs 100. However, that hasn't happened and it has broken that level also. Traders could position themselves well on the short side in these two stocks," Sukhani added.
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Mkt resilient at current level; bullish auto: ICICI Pru AMC