Sell Jubilant Foodworks, metal stocks: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would bottom fish is State Bank of India (SBI) and HDFC Bank . SBI is the only PSU bank which I won't short in spite of its falling. That is the first of the PSU banks or one of the first of the banks to recover whenever this market ends this downtrend whether it is in three months or six months.""Shorting opportunities need to be taken in the context of a swing trade. You want to carry these trades for a couple of days. However, inspite of the gap down, metals are a short sell because that rally was relief rally and new lows are likely to be made in most of the metal stocks," he said. "Jubilant Foodworks is a short idea. Most short ideas will have to be taken for a few days, not today. However, almost all PSU banks can be sold into. There are two sectors rather than short ideas, PSU banks and metals, you could sell them today, maybe you will make money today itself otherwise you will make money in the next few days," he added.