Stay away from Coal India , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, " Suzlon has rallied from Rs 17 to Rs 30. After a 60-65% rally, the selling can continue simply because the market needs to correct its gains."
He further added, " Cairn India has been a favourite. We have talked about it repeatedly. Coal India is quite the opposite. The charts are suggesting nothing, so I am just staying away. It is very difficult to make a forecast when you don't understand the chart. My sense is that eventually it will crack below Rs 300. I could be wrong very easily."
" SBI charts are excellent. If it falls 100-200 points today, I would suggest all traders should buy at least something."
