Short Hindalco, SAIL: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can short Hindalco, SAIL.

Sukhani told CNBC-TV18, “There are shorting opportunities in Hindalco as also in SAIL, Steel Authority. There are no shorting opportunities in Bharti. It would be very risky. It’s at a very strong support, any day it can turn around and short sellers can be caught. HDFC Bank is hardly the bank we want to go shorting in fact for banks I expect I would again say it did not workout last week but I am assuming that banks will turn around. Most PSU banks are suggesting bottoming out patterns.” He further added, “No, I would not. It’s choppy but on the back of news, on the results most of the news has been discounted. Jain Irrigation once it stops getting choppy, once it stabilises should be treated as a buying opportunity.”