Sell Rolta , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Rolta has been an underperformer in the midcap IT segment. While a lot of stocks in the IT segment are building bases, breaking out, giving signs of say reversal patterns, Rolta is not doing that. So at least as a short term trade Rolta is a short sell. It is quite possible that trader could make some money on the down side fairly easily. In any case use a stop loss."
He further added, " Indraprastha Gas (IGL) has been distinctly underperforming. So underperformance in this market will be punished whenever a mild correction starts, forget about a deep correction; that maybe starting. It's just an assumption that at some point or the other a lot of stocks will go through fair amount of pain now and IGL could be one of them. It's also sensible now because my outlook is that markets may remain choppy, to have some short positions wherever possible."
