Sell Jaiprakash Associates, DLF: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “Jaiprakash Associates and DLF are both sell calls in different forms. JP Associates has broken different kind of support levels and you cannot expect it to be rebounding immediately. So it is a short sell, just be careful it has been giving us back to back losses.”

He further added, “DLF is an easier short sell. It was in a trading range, it has broken down from a trading range, it has not yet met its pattern targets. Those targets could easily be less than Rs 200. So for me DLF is much easier to go and short sell as compared to JP Associates which is also down but a trade location is not easy to indentify.” “Wockhardt, this is reaction to news. Here is a wonderful stock that has jumped from Rs 400 to Rs 2000 plus. Now there is a correction, this correction would have come little less sharply even otherwise. So once this decline stops, Wockhardt is a buying opportunity.”