Stay away from Kingfisher Airlines: Sukhani

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Stay away from Kingfisher Airlines: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from Kingfisher Airlines.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Kingfisher Air See messages about Kingfisher Air Kingfisher Air BSE | NSE 28/05/12 Are Mutual Funds betting on Kingfisher Air?

Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from Kingfisher Airlines .

Sukhani told CNBC-TV18, " United Spirits is not a buying opportunity because it's gone down on news and then you are taking a gamble assuming something else will come up and that will be the news that will reward you - that's not the way to trade."

He further added, "Considering Kingfisher Airlines all these 20-30% rallies that we see in airline stocks are momentum driven, you cannot catch them so just stay away from it."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.