Short Bank of Baroda, says Sukhani

One can short Bank of Baroda. But if the Nifty starts giving a sense of an up move then there is no need to take a short  position today, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, " Bank of Baroda (BoB) is a short sell. There is a context here and the context is that in case  the markets go above and stay above then there is no need to take a short position at all. But generally anything that is  making new lows consistently needs to be sold into."

He further added, "In the unlikely event of the markets actually breaking that 5535-5530 level, BoB becomes an  excellent shorting candidate and we should go for it. My point is that if the Nifty starts giving us a sense of an up move  there is no need to take a short position today."

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