Short Apollo Tyres, says Sukhani

Short Apollo Tyres, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Bharti Airtel is a disappointment. It made all the right chart patterns and never succeeded, so it’s a short sell. I do not see Bharti Airtel doing anything good. It also made lower lows, while the Nifty made higher highs. So either it’s an avoid and professional traders should look to sell it."
He further added, "Apollo Tyres is creating a distribution pattern apparently the Rs 100 target was touched and I think that’s about it and that distribution suggests significantly lower levels. So it’s a short sell. There may be some good fundamental reason why it is doing so but the chart trend is very clear; we want to be either short in it or stay away from it. There is no buy on dips."