Sell Dabur India , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Dabur India is a sell. It actually went through a correction then it became a buying opportunity but that buy did not really work out because it seems that it's more in a trading range. So at current prices it's a short term sell."
He further added, "If you are taking a day trade, if you are taking a swing trade for Monday or Tuesday you could consider selling Dabur with the stoploss of Rs 96 and maybe you will get lower levels here. The charts are not conducive to a big rally in fact they are getting pushed on the downside."
" Adani Power is a sell inspite of the fact that it has seen that very big rally from the lows of Rs 55-60 all the way up to Rs 90. But now for the last three days that rally is facing significant resistance and it's been falling for three days now. Two things are possible; that rally could have been a bear market move and the original down trend will resume or we at the very least see a deep correction and if deep correction is in the offering then Adani Power is a short sell. Actually even Adani Enterprises is a short sell but Adani Power probably is a more appropriate candidate because the rally has been little sharper here."
