Feb 27, 2013 09:45 AM IST | Source: CNBC-TV18

See more downside in CESC: Sukhani

CESC started falling. It is a very choppy chart. Now the last support at Rs 290 has been broken and it is promising major declines, says Sudarshan Sukhani of s2analytics.com.

CESC started falling. It is a very choppy chart. Now the last support at Rs 290 has been broken and it is promising major declines, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "CESC started falling. It is a very choppy chart. It fell on the back of news, then it started a rally and then it suddenly started falling again with all the other midcaps. Now the last support at Rs 290 has been broken and it is promising major declines."

He further added, "Again an intermediate trade on the short side not just a day trade but for the short-term trader you get those small points in any case. Most midcaps are selling opportunities. I have been reiterating that for a long time now.”

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