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Last Updated : Sep 22, 2016 11:57 AM IST | Source: CNBC-TV18

Short Just Dial, McLeod Russel: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can short Just Dial and McLeod Russel.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "On a gap up market short selling is always a difficult task but they are not conditional. Just Dial and McLeod Russel are very weak. Just Dial has been a favourite short sell and it keeps on coming down. It is in a very narrow trading range. If you see the charts, it is locked and almost on the verge of a breakdown. So, if there is a rally in the morning and then you can sell in strength, then nothing is locked."

"The same story comes with McLeod Russel. It is a tea stock, a commodity stock but something has gone wrong. It has fallen 35 percent and again strong support levels are being threatened repeatedly. So, both are comfortable shorts," he said.

"Apart from M&M Financial, LIC Housing Finance is also a buying opportunity."



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First Published on Sep 22, 2016 11:29 am
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