Sell Jaiprakash Associates, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We do not touch Jaiprakash Associates There was a small rally. That rally lasted for two days only and the decline has started. It is very worrying. Jaiprakash Associates could easily come to Rs 41-42. Some of these levels are not callable in the sense that that is what the charts suggest, but momentum can stop earlier than that. The point is that the downside momentum as of now is very strong. We do not want to buy it. There is no bargain hunting. No catching of falling knives. It is actually a short sell."