Short Dabur India, says Sudarshan Sukhani

Short term traders can short Dabur India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Hanung Toys and Textiles is one of those erstwhile favorites which were momentum stocks at one time and now all midcaps have been forgotten. What Hanung Toys has done is that it is making a bullish pattern and willing to get out of it. I don’t see this as a day trade because many midcaps are not still in that momentum phase. But the fact that it has made a bullish pattern, it is coming out and saw a big gain a few days ago tells us that at least if you want to take a swing trade for a few days it is a good chart to go and buy it."

He further added, "Dabur India has actually begun a correction now but because it rallied from Rs 95 to Rs 130 almost relentlessly, that correction could be interesting and fairly deep which means a short-term trader could go short in it, they can intraday position on the short side, carry it for a couple of days and actually hope to make some money because this is not going to stop immediately."

Disclosure: I have no personal holding in any of the above stocks.