Short sell Jubilant Foodworks: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can short sell Jubilant Foodworks.

Sukhani told CNBC-TV18, “Jubilant Foodworks was a sell few days earlier also. It has made a double top and confirmed that double top on the downside. It may only be a correction. It is difficult to say that these stocks are suddenly out of favour – that doesn’t seem so. But even if it’s a correction, a correction preceded by a fairly bearish pattern tells us its going to be a deep correction. So, for short sellers it’s a good opportunity and especially if you are long in ITC or Godrej, you can easily sell this and create a nice hedge.”