Sell Shree Renuka Sugars: Sudarshan Sukhani

Sell Shree Renuka Sugars, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Subex has built a long base and come out of that. It has rallied almost 60 percent. Now apart from the percentage these are midcap stocks, they are volatile, sometimes the corrections are equally sharp but this is just a correction in what I think promises to be the beginning of a very decent uptrend. So Subex is a buying opportunity. Once this correction ends traders and position investors should go and buy it."

He further added, "Shree Renuka Sugars charts have disappointed. While not as bad as Hero Motocorp, Shree Renuka does suggest that a target of Rs 30 is also possible on the downside. So it is a sell and we should not try to attempt a buy because that would be like catching falling knives, it is a pity but that’s the way it is."