Sell Arvind, PC Jeweller; buy Idea Cellular, Divis Lab: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There is a lot of selling opportunities. The worry is that not Arvind, but otherwise, many stocks also were giving us bullish patterns and slowly they are changing their structure, they are changing their inclination towards bearishness. The patterns are becoming bearish. That is worrying broadly, but Arvind is a short sell. The small rally that we saw is probably fizzling out. A distribution well defined now, so go short in it.""Dewan Housing Finance Corporation (DHFL), after the big rally has been distributing and distributing for almost six weeks now and that seems to be now breaking on the downside which is what I have made a point that a lot of stocks are suggesting lower levels are coming, but we will have to see how much lower," he said."Idea Cellular has a nice rally, that rally saw a correction and that correction seems to be just that, a dip in an ongoing uptrend. So, relative strength is good, it is outperforming the market, that is the place where we want to be if we want to buy.""Divis Laboratories has the same story. A big rally, a correction, like Idea and that correction should just be a dip in an ongoing uptrend, so you would like to buy that.""PC Jeweller is actually a short sell. The stock has been distributing for almost six weeks and that also, after a very tepid and small rally. It is significantly underperforming the midcap index as well as the Nifty. So, it is on the verge of breaking down. It is a really a positional short, it could go much lower."