Exit Hotel Leela: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one should exit Hotel Leela.

Sukhani told CNBC-TV18, “Hotel Leela Venture is influenced by fundamentals much more than technicals. Any rally in Hotel Leela will start only if the fundamentals improve and the market perceives that there is an improvement. I am not able to predict because the charts don’t say that the fundamentals are improving. The charts are saying that things are going to remain bad. Now once we get those signs we can be upbeat. At this point I would be out of Hotel Leela.”