Short Coal India, says Sudarshan Sukhani

One can short Coal India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Coal India is a disappointing chart. After a deep decline at Rs 290-295, I thought this stock has bottomed out because this has breached a pattern target. However, a small rally led it to Rs 310 resistance; it has not crossed that for the last three days.”
He further added, “In a choppy market, there will be short selling ideas and CIL is a short sell and it is also – I am not sure what the message is but it is not very comfortable when a largecap public sector undertaking (PSU) says, I cannot go up.”