Sell Indian Hotels, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "Indian Hotels has been an underperformer; it is doing all the wrong things. In a market that’s rallying for the last two days or three days now including Saturday it has not done anything, it is actually falling. So there is a short sell here. Adani Power is a much better short sell I would think but for people who want to do some hedging, do some intraday trading only on the short side, Indian Hotels qualifies as a sell."

He further added, " Infosys did nice things on Saturday, so even on a day when volumes should have been low it opened up with a gap and stayed there. Infosys has now filled the gap that was created on the back of bad results, it is completed filled, and it has now come back to the Rs 2500-2600 strong resistance area but that doesn’t matter. The chances are that IT is an outperformer and there will be repeated attempts to cross this resistance. Every time that thrust comes, intraday traders can get money out of it."

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