Short Shriram Transport Finance: Sukhani

Sudarshan Sukhani of s2analytics.com advises to short Shriram Transport Finance at current levels.
 
Sukhani told CNBC-TV18, “The markets are down and some of the better stocks are now cracking. Shriram Transport Finance is a stock that I would recommend selling which is going short in. The stock was in a trading range for one and half months and today it has finally broken down from its support levels. These are ominous signs.”
 
He further added, “This is not the way a good stock should behave and a market that is now penalizing and punishing the best of stocks is giving us a very difficult message. So go short in Shriram Transport Finance.”