Short Adani Power, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "All three companies of Adani are now back to their downtrends. There is nothing to buy at all. The short selling trades are available in Adani Power, but it has fallen at a lot but still there is more downside here. It is a short selling candidate."

At 13:41 hrs Adani Power was quoting at Rs 42.15, up Rs 0.45, or 1.08 percent. It has touched an intraday high of Rs 43.35 and an intraday low of Rs 40.90.
The share touched its 52-week high Rs 70 and 52-week low Rs 36.80 on 20 December, 2012 and 30 August, 2012, respectively. Currently, it is trading 39.79 percent below its 52-week high and 14.54 percent above its 52-week low. Market capitalisation stands at Rs 12,105.15 crore. Also Read: CCEA allows power cos to pass imported coal cost, stocks up