Short Punjab National Bank, DLF: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “It is difficult but we can always identify some stocks and we have to go with the flow and that is to be short. So consider selling Punjab National Bank (PNB). It is part of the PSU banks group which is very weak and we have been repeatedly giving short signals on that. It is making new lows and once new lows are made in the last hour of trade that usually gets sustained. So for short-term trader for 45 minutes PNB is a good shorting opportunity.”

He further added, “DLF had a small rally for one hour that is a sell in rallies trade. This rally cannot be sustained, it should not be. You have a stop in case something very unusual goes by but using that stop loss sell DLF assuming that by the time markets end it will resume its downtrend. So both ideas are for short selling and catching today’s momentum.”