Sell United Spirits , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, " IDFC has seen a sharp rally, then a consolidation and that consolidation has already been broken down on the downside. It is equivalent to the Nifty saying okay, I am going below 5330. So IDFC has done that. To that extent it is a leading indicator of the financials at least. If at the very least, we are going to see a correction in IDFC and of course we don't know whether this was a bear market rally or whatever it was. IDFC is also one of the weaker financial stocks."
He further added, "United Spirits has been in my sell list repeatedly. I think it will drift lower and eventually it will go much lower. But for today the stock is a sell. In a choppy market, we have buying opportunities as well as selling opportunities. Both could actually be taken. This on is a sell."
