Avoid Jaiprakash Associates, Jaiprakash Power: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There is nothing in Jaiprakash Associates. I wish there were but after a big bear market the chart is now moving sideways; maybe it will build a base and breakout. Once that happens we will look to buy but as of now there is no buying. In fact there is no selling also. It is a complete avoid."

"Jaiprakash Power Ventures is something that may not want to buy. At current prices there is nothing to short sell; again another avoid," he added.

Disclosure: Analyst does not have positions in the stock.