Exit Bharti Airtel close to Rs 390: Sukhani

Exit Bharti Airtel close to Rs 390, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "The outlook for Bharti Airtel is that it would be sideways but it will also see rally. So if one sticks on for two-three months and exit when the price comes close to Rs 390 levels."
He further added, "In Development Credit Bank the support is somewhere around Rs 40-41 and since its so close to the support level I am assuming that there is probably only limited downside now on this stock. Generally when one buys banking stocks my suggestion is that one should focus on the largecaps and since SBI is also down, ICICI Bank is also down at some point one should switch from DCB to one of the largecap stocks, the three names; Axis Bank, ICICI Bank or SBI."
"In the ADAG group I would be looking to short Reliance Infra, Reliance Power and Reliance Capital but not Reliance Communications. Since we are talking about shorting that short selling should be done only by professional traders."