Jun 21, 2013, 05.43 PM | Source: CNBC-TV18

Sell Kotak Mahindra Bank, Shriram Transport: Sukhani

Sudarshan Sukhani of s2analytics.com recommends to sell Kotak Mahindra Bank and Shriram Transport Finance.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have to go with momentum and momentum unfortunately is on the downside so we will go and sell Kotak Mahindra Bank . Kotak Bank has now broken from a strong support level and is giving first signs of strong downward momentum. Today it is down big and the chances are that this decline will continue and maybe even carry over on Monday. But for a day trade now selling Kotak Bank is a good idea."

" Shriram Transport Finance is also a short sell. For positional traders Shriram Transport Finance is breaking from a bearish head and shoulder," he said.

Also Read: No plan to trim saving deposit rate from 6%: Kotak Bank

Set email alert for
Kotak Mahindra Shriram Trans


video of the day

Dont see mkt going anywhere now; like Bharat Forge: Dipen

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.