Sell Reliance Communications: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should sell Reliance Communications and also avoid BHEL at current level.

Sukhani told CNBC-TV18, “The Reliance Communications charts are very disappointing. Specially when you consider Idea Cellular and Bharti Airtel- the other two companies in the same group are doing so well in the same sector, these volatile movements up and down mean nothing. The broad thrust is on the downside. So Reliance Communications is a sell. It needs to be timed properly, but it should not be bought at all.” He further added, “I would not buy BHEL. The stock is still in some kind of a downtrend. It is making a base, it is consolidating.”