Sell Pantaloon, Raymond: Sukhani

Sudarshan Sukhani of s2analytics.com advises traders to sell Pantaloon and Raymond.

Sukhani told CNBC-TV18, “On the midcaps a lot of opportunities are coming mainly for selling. Pantaloon is something that has been in an uptrend. It now suggests that a short correction maybe happening. The trend in pantaloon is still up, but short-term traders can take advantage of temporary weakness so that is a stock we could be looking at for selling.”

He further added, “We also have Raymond which is already in some kind of a bear market. My sense is that the selling in that stock will continue and probably increase. So these are two suggestions from midcaps and unfortunately both of them are for selling.”