Sell Jaiprakash Associates: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "When Jaiprakash Associates was slightly inching up for three-four days, there was a sense that maybe it is bottoming out and our sense was that it is not because after a big decline stocks have to build a large base before we can become bullish. That has not worked out. It has come back to lows that it recorded after the big bear market and on the verge of breaking those lows."

"So, new lows in a stock are never bullish, they are bearish. In a choppy market, the weak sectors will become weaker. This is a weak sector and a weak stock in that sector. Therefore, sell it. If one wants then take Options, they are liquid here. So, take Put Options for August and hold," Sukhani said.