Short HPCL, BPCL: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "For the last three days Hindustan Petroleum Corporation (HPCL) andBharat Petroleum Corporation (BPCL) are moving in narrow ranges. That narrow range is after a big decline which tells us there is more to come on the downside. It is the first assumption which I can make. So, there is a trade here and that trade is really to go short in them.""It is not an easy trade and short selling should be done only by professional traders but at least for the short term it looks lower levels are coming," he said.