Short GMR Infra, says Sukhani

Short GMR Infra at current levels, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “GMR Infra is a shorting candidate but otherwise they are all simply declining after those big rallies. I wouldn’t normally go and sell infrastructure. Infrastructure is bottoming out on a much larger time frame. So it is looking at a big bull market and it is not a good idea even for short-term selling. But exception was GMR Infra which has poor charts.”
He further added, “DLF is one of the larger players, it had rallied but it has charts that are not conducive for a sustained rally. So if I had to offload any positions, the first would be DLF and the last two would be HDIL and Indiabulls Realty, which be stocks that I would prefer to keep as long as possible.”