Short HPCL, says Sukhani

Sukhani told CNBC-TV18, "HPCL never really saw that handsome rally that BPCL went through maybe because of oil interests or whatever. Now it’s turning around. It has been in a consolidation and that consolidation seems to be breaking down. So this is one stock, at least for an intraday trade its worth looking and going short in. I don’t know about big position but for a couple of days it’s a shorting idea."

He further added, " Jet Airways is in a bear market. It does appear that the uptrend is over but we saw a rally from Rs 280 to Rs 320-330 recently. That rally was probably an upward flag, which is continuation of a downtrend. So a final visit to Rs 280 or even lower is possible in Jet, although that doesn’t have to come today because today the targets are much more modest around Rs 300-302. But eventually even a break to Rs 280 and even a breakdown is possible."