Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sudarshan Sukhani of s2analytics.com advises to short DLF and Bharti Airtel at current levels.
Sukhani told CNBC-TV18, “For DLF , I have been suggesting that the trade is on the downside. Real estate itself is weak. DLF has very bearish patterns. So you trade it on the short side.”
He further added, “ Bharti Airtel has been a surprise. Yesterday’s price action was that it is in the narrow range, ready to breakout. I assume the breakout would be on the upside and it has done exact reserve. However, by falling below Rs 290, Bharti Airtel has again resumed a very bearish pattern. So, still it is probably a wait and watch. There is no trade here. If it keeps on sliding below Rs 270, it becomes a short-sell.”