Delta Corp may slip 5-10% further: Sukhani

Delta Corp may slip 5-10% further, says Sudarshan Sukhani of s2analytics.com.
 
Sukhani told CNBC-TV18, "There is more downside in Delta Corp. It is difficult to say how much more but certainly another 5-10 percent, which means bring it to Rs 37 or even Rs 36.”
 
He further added, “People who are bullish on Delta, the advantage now is that it has gone out of the F&O segment, so one cannot go short in it. One can only take intraday trades, which is difficult. Therefore, the trade is to sell it but since it is not easy now, not being in F&O, the key here is not to buy.”