Short Jet Airways , says Sudarshan Sukhani of s2analytics.
Sukhani told CNBC-TV18, "I would still sell Reliance Capital , if not in future then buy puts or sell calls. I think the decline in Reliance Capital whenever it comes will be as sharp as the rally."
He further added, "Yesterday Jet Airways rallied but finally it closed much lower, that's a sign that the rally in Jet Airways is probably getting exhausted. It's a short sell; it's probably a safer short sell than Reliance Capital which is trying to catch the top. But Jet Airways is not catching the top, it's showing clear signs of distribution at the current levels and it's a positional short as well as an intraday trade on the short side."
Disclosure: I have no personal holding in the above stocks.
