Sell Jaiprakash Associates on rally, says Sukhani

Sukhani told CNBC-TV18, “Jaiprakash Associates remains a short sell. I don’t think it is going to be a buy for a long time now. We are still looking at a target of Rs 48 for it. So rather than buy it's really you sell it on a rally and wait patiently for the target.”

He further added, “ Subex is in rally since yesterday, it's not enough, so I don’t see if you can actually go and sell it because it's not in the F&O list but if at all there is a trade it is to go and sell it and look for a target of Rs 23 which means don’t buy it because it can slide over after this brief rally.”