Sukhani view on JP Associates, Idea Cellular, Bharti Airtel

Sukhani told CNBC-TV18, "The trend is down for Jaiprakash Associates. There maybe a short bust on the upside, but that is only for a day trader, nothing more. Nobody should attempt to invest in or to take a position trade on the long side now."

He further added, "The telecom majors are doing something interesting. Idea Cellular and Bharti Airtel probably are long trading opportunities. Then in the auto space,  Bajaj Auto which has completed a deep correction and is now willing to go up. I won’t call them defensives, because they can actually make money even in a falling market, maybe less, but these are the areas where money can be parked."