Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would not short Tata Steel. The rally is sufficient to suggest that things maybe changing and Bharat Heavy Electricals (BHEL) is a shorting candidate. Even yesterday, when we were rallying I said we should be selling into strength."
"Certainly that applies today; whether it is BHEL or the private sector banks, the public sector banks, the oil and gas group, Reliance Industries as well as Oil and Natural Gas Corporation (ONGC). However, these are not intraday trades. A lot of the intraday trading cream is taken away when a gap comes in," he added.
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