Sell HDFC, advises Sudrashan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Housing Development Finance Corporation (HDFC) is a short sell. It has been weak and promising more weakness ahead. Most banks are not very attractive to buy into. HDFC is also not necessarily a part of the banking universe but one of the best in the non-banking financial companies (NBFCs)."

At 12:22 hrs Housing Development Finance Corporation was quoting at Rs 737.15, down Rs 2.05, or 0.28 percent. It has touched an intraday high of Rs 748 and an intraday low of Rs 721. The share touched its 52-week high Rs 931.00 and 52-week low Rs 712 on 30 May, 2013 and 20 August, 2013, respectively. Currently, it is trading 20.82 percent below its 52-week high and 3.53 percent above its 52-week low.