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Sell SRF, Axis Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends selling SRF and Axis Bank.

February 17, 2016 / 11:03 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "SRF is now distributing big way and those big bull markets will come, we know that. It is a short sell, I think if you have a positional view, build a short position. Since the Budget can do anything you at least carry it till the settlement." "Generally, HDFC and the Nifty quite often go together. Since I am little puzzled on the Nifty itself, puzzled in the sense it could become choppy and untradeable, HDFC is best left alone," he added. "Axis Bank is a sell because that is how IndusInd Bank also came in the list. It became a short sell. PSU Banks are difficult short sells for me until they don’t begin to break down from stable levels.""I would avoid selling State Bank of India (SBI). SBI and HDFC are best avoided for the day."

first published: Feb 17, 2016 11:03 am

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