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Short Just Dial, Castrol, Exide; buy TVS Motor, Voltas: Sudarshan Sukhani

According to Sudarshan Sukhani of s2analytics.com, one can short Just Dial, Castrol India and Exide Industries and buy TVS Motor Company and Voltas.

June 12, 2017 / 11:21 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Just Dial is my favourite short, how it rallied from Rs 300 to Rs 600, it has come back to Rs 425. So there is a view that it is going lower. So short Just Dial."

"Second is Castrol India, it is a shorting opportunity for the short-term. The stock is breaking down from support levels. So probably some lower levels are coming," he said.

"Third short is Exide Industries. Again it is breaking down, it is giving bearish pattern, signs of distribution, these are not long-term shorts. They are just there as a trading idea for the next few days."

"Two buying ideas, TVS Motor Company, we all know life time highs and Voltas which is making a very attractive bullish pattern. So, broadly stay with midcaps," he added.

first published: Jun 12, 2017 10:46 am

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