Sukhani told CNBC-TV18, " Bharti Airtel is a short. The market momentum is clearly in favor of the bulls, there is no need to take any short positions. But if the markets weaken Bharti is probably going to be one of the first to weaken."
He further added, "It didn't participating in this rally. It was a very minor uptrend while the Nifty was roaring ahead. Then it has stopped almost exactly at Rs 360 where a significant resistance level comes in. So it's a short, please don't buy it. If the markets decide to reverse this should be our first choice."
"Bharat Electronics is a sell in the real sense irrespective of the markets too the chances are it's going to go down. It's a disappointment. It rallied when the BHEL and L&T rallied. So it was a capital goods rally for BEL. But while they maintained that rally and stayed up, BEL has been falling for the last four days. So clearly that rally was just a sympathy rally rather than anything on the charts."
"There is nothing on the charts now. BEL is a short-sell. For all I know while the whole market could go up, this one could come back to Rs 1,300. So it's certainly an avoid. Don't try to buy it as a falling knife. It's also a sell."
