Jun 10, 2013, 07.55 PM IST | Source: CNBC-TV18

Sell Sterlite Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can not only sell Sterlite, but it is also a positional short.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have positional shorts. I do not think they are going to change that. Sterlite Industries  has been a disappointing chart. It comes down, makes a support level and then breaks it. It is a classic down trending chart and unfortunately again that earlier level of Rs 91 is broken."

He further added, "It is amazing to imagine where it is going, but Sterlite is something which one can not only sell today despite the fact that the Nifty could easily see a rally, but it is also a positional short."

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