Exit Alok Industries, says Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to exit from Alok Industries.

Sukhani told CNBC-TV18, “GAIL is not a good stock to hold. It is in a bear market. Now if the Nifty rallies from 5,700 to 5,900 then surely GAIL will also go up. So that is possible but there are other stocks that will go up much more and if the Nifty collapses again, GAIL will simply fall flat. So I would suggest one should get out of GAIL, this is not a bull market stock or this is not a stock you want to buy in an uptrend. It is in a clear bear market.”
 
He further added, “I would tell the investor to get out of Alok Industries. It has collapsed; it has come down from Rs 30 to Rs 11. This is not a bull market stock. So what is the guarantee that it will go up in three months time. In this midcap environment, there are so many other opportunities, let him move into something else, textiles if he wants to buy textiles then the textile cum real estate space, Raymond is looking excellent."