Sell Delta Corp, HDIL: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can sell Delta Corp, HDIL. One can prefer banking, auto stocks.

Sukhani told CNBC-TV18, “I am not upbeat and bullish on Delta Corporation. One should switch out of it, go to some of the better sectors, IT, even some banks. Whenever there is a market rally, the PSU banks, the private banks will do much better than Delta Corp.” He further added, “I think it is wise to sell HDIL, it is a disappointment, I was also upbeat on HDIL. But sometimes stock will behave differently than what we imagine. The chart suggests that it is broken down below Rs 70 level; it is no longer a buy. Whenever a new momentum rally starts, we will think about it but as of now, go and sell it.”