Sell Bharat Heavy Electricals: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Heavy Electricals (BHEL) has come in our sell list earlier also. What happened was that the rally in BHEL fell far short of the earlier highs that it made. That is telling us that the earlier highs are at least in intermediate top. After a consolidation, BHEL is now breaking down on the lower side, momentum indicators are also suggesting a turn for the worse. It is also underperforming the Nifty."

"All said and done, the stock is a short sell. Because this market generally is upbeat, short selling should be taken in its stride in the sense that start with a day trade, if it works, take some profits, carry it forward only if there is a compelling reason," he said. Disclosure: No personal holdings in stock discussed.