Sukhani told CNBC-TV18, "JSW Holdings has been a weak performer in the Jindal Steel group. There were others which did far better than it when the rally started and now for the last four days it's falling again. So the same story as Areva in fact a little weaker because the rally itself was very tepid, it was not as good as its peers and the declines are likely now to get certainly more momentum than the rally, so it's a relatively safe short bet."
He further added, " Hindustan Unilever has been a favourite and for the last three weeks it's in a trading range, it's reasonable to assume that a stock that went up from Rs 280 to Rs 420-425 and goes in a trading range will breakout again on the upside."
"We should never make the mistake that it's going to go down. Trending stocks remain in that trend, so Hindustan Unilever yesterday did try to breakout and didn't quite succeed but I would suspect that it's ready for a big move again on the upside. So here again day traders should focus on this even without the event or even an adverse reaction from the event will ensue that it could go up and positions should now be taken because it maybe ready for a new breakout."
