Stay away from Suzlon Energy: Sukhani

Stay away from Suzlon Energy, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Suzlon was always a favorite mainly because of the wind energy that it used. It fell from Rs 65 fell all the way to Rs 16. It's too early to say that Suzlon is on the way up. All midcaps are going up this is not enough and plus a rally has already come about; a 25% rally is already behind us. I would say stay away."

He further added, "Welspun Corp becomes good for a sell. There is too much of a good thing. It was recommended at Rs 80 it's now Rs 111 and in Rs 110-120 there is a band of resistance. The worry is what will happen is that the retail investor has ignored all the recommendations which were given when the markets were willing to go up and will now enter at the highs of this rally. That's why yesterday also I suggested midcaps are not a good idea now. Welspun is not a good idea, its probably going to become as sell rather than a buy."