Shardul Kulkarni of Angel Broking says Short Bata India.

Kulkarni has told CNBC-TV18 that Lovable Lingerie, VIP Industries or Bata India, are stock items wherein the traders in point of fact want to go long business with or trade on with the short side, because as he said they are the trader favourites or the best selling of the traders.

Lovable Lingerie trades have developed a certain ranked up position on the long side which is clearly seen that they are the big hit of the industry. Volumes as of the current trading session are far higher than that of the last 2 or 3 trading sessions. But there are also speculations that it might not be sellable with those on the higher ranked people of the society.

The VIP increased by 10% in sales yesterday, another 4-5% is potential but the stock has already fallen from Rs 200 on the upside right and about double digits and a bounce back of probably around 10-15% would not change the structure to a great extent. In the midst of all these particular counters being publicized, he thinks Bata is the best available stock there is which you can go short on because of its certain demand. As long as the stock remains below the levels of Rs 600 it’s an excellent counter to go short. It still has probability to move to the lower sides whereas Lovable Lingerie as well as VIP has already dropped to a great extent. Nifty is just a rally in which you will see the great caps taking part of it, the mid and small caps may not even move up. The move done yesterday has been quite surprising for him but yes he would not go long with any of these positions on the long side incase of Bata, Lovable Lingerie or VIP Industries, he stated.