Sukhani told CNBC-TV18, "Suzlon Energy was always a favorite. In that sense I hope that this stops here. On the charts this stock has already made new lows in the sense that it is lower than the 2009 low. So while the Nifty still has to reach there Suzlon has already done that. That's not very good for the stock price. I don't know if I can actually go and short sell this stock at Rs 20, it was Rs 450 just five years ago, but there is nothing to buy."
He further added, "Sugar stocks like Balrampur Chini & Triveni Engg, I would trade only on the short side, the problem is that they are becoming members of that 20s club and there is nothing left to sell in them. The key here is to repeat what I say, please don't buy them. That's the only important point we should remember. The professional traders can wait for rallies and sell but at some point sugar will simply be forgotten and it will be forgotten for months, we are coming to that point. Just to quickly clarify I had explained to Udayan that I was taking a very brief long position in the market by buying calls. I have quickly closed that, because the market refuses to go up."
