Sell Coal India: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one should sell Coal India.

Sukhani told CNBC-TV18, "Coal India has been in our sell list earlier also. The charts are not conducive, not good, they are bearish. So, one either goes short in it or simply avoid it which means that this is not a buy on dips opportunity.”
Coal India was quoting at Rs 339.15, down Rs 4.85, or 1.41%. It has touched an intraday high of Rs 345 and an intraday low of Rs 333. There were pending buy orders of 1,917 shares, with no sellers available. It was trading with volumes of 300,644 shares.