Short VIP Industries, MphasiS: Sukhani

Sukhani told CNBC-TV18, "One can sell VIP Industries. It’s making new lows. There is nothing in the stock in the sense of price action and at such lower levels its also difficult to short but if at all a trade needs to be taken it should be on the short side. It can reach Rs 70 and that is not difficult to do."

He further added, "If at all there is a trade it’s on the short side. MphasiS broke all its support levels and fell. So I do not have levels on it because this is probably not technical in nature. The fact that it’s at new lows suggests that any rally should be sold into."