Short Tata Steel; avoid Sesa Goa: Sukhani

Sukhani told CNBC-TV18, “Sesa Goa is a stock that has now become very choppy; it had its own hay days. It is not even a buying opportunity on dips and at best we can say that it is an avoid. If it rallies to Rs 200-205 it becomes a short sell every time.”

He further added, “Tata Steel has been consistently weak; it is a very disappointing chart and the final targets for it are much lower. So there is a short selling opportunity in Tata Steel because it’s going to go lower, it’s likely to move lower here but that opportunity does not exist in Sesa Goa and it is a complete avoid.”