Sell IndusInd Bank, says Sukhani

Jun 25, 2013, 02.27 PM IST

Sudarshan Sukhani of s2analytics.com feels that IndusInd Bank is an excellent short selling opportunity if the market becomes choppy.

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Sudarshan Sukhani of s2analytics.com feels that IndusInd Bank is an excellent short selling opportunity if the market becomes choppy.

Like this story, share it with millions of investors on M3

Sell IndusInd Bank, says Sukhani

Sudarshan Sukhani of s2analytics.com feels that IndusInd Bank is an excellent short selling opportunity if the market becomes choppy.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " IndusInd Bank is making new lows regularly. The stock is now in a narrow range so one has to take some context because IndusInd won't give up easily. But I suspect it is going through a distribution and will eventually come much lower."

"However, if the market becomes choppy, IndusInd Bank is an excellent short selling opportunity. The narrow range is going to lead to a big decline, if not today then tomorrow," Sukhani said.

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