Sell ACC, M&M Financial, Havells India: Sudarshan Sukhani

sud_baz_stks2_01novSudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sells are there because this market is choppy, so something would be available. The sells should be taken ideally if you go long in the Nifty and then you can say okay I am going short in the weaker stocks. ACC has been in a mess, that chart has shown large patterns of distribution, broken down as is Ambuja Cements but ACC is an easier short sell because the patterns are much more visible." "The second short sell is M&M Financial Services. I am surprised because I have been upbeat on that stock earlier. It does give a sense that if not anything the correction is now in the offing there. This is not the case with all non-banking finance companies (NBFCs), so this is an exception," he said."Havells India has seen a parabolic straight line rally and that rally came to an end. It usually does if you have these big rallies and then you have large corrections often. That is going to happen in Havells which is the sense, so there are three short selling ideas. Ideally, where you want to short sell when you have something long also."