Sell IRB Infra, Tata Steel, Ambuja Cements: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are only short positions in this market. One of them is IRB Infrastructure Developers. The stock has been in a steady decline. It did not participate in the Nifty rally also. That steady decline seems to be continuing. So, we look to go short in it.""Tata Steel is a short sell, the small consolidation that we were seeing in the Rs 350-360 zone is now breaking on the downside. So, there is probably more pain here," he said. "Ambuja Cements is a short sell. My worry is that a lot of these blue-chips that were giving us sensational rallies on the upside, have suddenly started distributing and giving us a sense that lower levels are coming."