Sudarshan Sukhani of s2analytics.com said today, "Midcaps are underperforming and there are short selling ideas for the traders. There are two short selling ideas in midcaps. One is Ajanta Pharma; pharma has not completed its downside trend although it does appear that it is going to start a process of bottoming out but that process take time, accumulation is always a choppy affair. So Ajanta Pharma is a short sell and many of them will continue to be so."
"The second short sell is Amara Raja Batteries. There was a sharp rally about 20 days ago - that rally fizzled out and it is going lower, making lower lows. So there are two short sells in the midcaps. Don't sell the largecaps at all." he added.
Mr. Sukhani further added, “There are three buying ideas - Hero Motocorp, a distinct outperformer; Mahindra and Mahindra Financial Services is doing very well and it is now crossing resistance levels and Bharti Airtel, a large consolidation suggests an imminent breakout on the upside."
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