Nov 19, 2012, 12.14 PM | Source: CNBC-TV18

Sell PNB, says Sudarshan Sukhani

Sell Punjab National Bank (PNB), says Sudarshan Sukhani of

Sell Punjab National Bank (PNB), says Sudarshan Sukhani of

Sukhani told CNBC-TV18, "Markets work in context, so we have had two big down days or two large range days. Today is expected to be choppy in any case. So any trading ideas we talk about must be taken in the context that markets are likely to remain choppy. In that choppy condition, you may or may not take a trade but within that overall environment, PNB continues to be a sell. We have been bearish on some of these banks for a long time now and that bearishness continues. If you see a small rally then look to short it."

He further added, " DLF continues to be a short. Please remember the context after two big days, markets can be choppy and day traders can be literally chopped out. So do not get into environment but if you sense that the markets are weakening again then stocks like PNB and now as we are discussing DLF are the first shorting candidates."

Set email alert for


video of the day

Like Bank Nifty; mkt has strong support at 7700: PhillipCap

Explore Moneycontrol

Copyright © 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 is prohibited.