United Spirits mat test Rs 400, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, " Yes Bank is a better opportunity. It fell and I thought it will go below Rs 200, it did not. That's the market's wisdom for us. But it does appear that the worst is over for private sector banks and Yes Bank's previous highs were almost Rs 400. So if this rally gains momentum, private sector banks will significantly outperform. So even for today Yes Bank could surprise because a lot of dynamics in the F&O sector window there. But I think it could surprise on the upside."
He further added, " United Spirits keeps on coming in my sell list in the morning and that still remains. There is no sense in trying to catch a stock that was darling of yesteryears but it's now out of favor and then we still stick to it."
"United Spirits for reasons that I don't know is in a bear market of its own. It's a short-sell. Even if the markets go up the chances are, this one is going down. It's going down to test Rs 400 again."
Disclosure: I have no personal holding in the above stocks.
