Sell BEML, says Sukhani

Sukhani told CNBC-TV18, "In BEML chances are that Rs 450 area where it had bottomed out, could be revisited. It made something called a rounding top - slowly circled on the downside and then started falling with a lot of vigor. Nothing in it, the stock has seen very good days in 2007-2008 bull market, it is just a pale shadow of itself. So it hasn't come across something that is going through a correction. The upmove was a correction and the decline is just a renewal of its bear market. So it is probably a positional short not just an intraday you can sell it and wait patiently."

He further added, " Sterlite Ind is one of the weakest of the metal stocks. The chances are that it will crack Rs 100, go below, it is difficult to say how much below but this is not something you want to hold on to as a long position. Every occasion whether it is a breakdown, it consolidates and breaks down, that is a sell or it is simply a continuation of the downtrend and today I think the continuation process will be - yesterday's losses will be simply added to. So it is probably a short sell in the morning, wait for the first 10-15 minutes and look to go if the lows break."