Dec 12, 2008, 12.47 PM | Source: CNBC-TV18
Technical Analyst, Sudarshan Sukhani is of the view that IT space is not an investment opportunity at this level. Traders can take any momentum stock and trade for a few days.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "Apart from yesterday IT is giving the impression that it is on the verge of a significant breakdown that may not happen. But it is very worrying, so at this point IT is not an investment opportunity, traders can take any momentum stock and trade for a few days but I wouldn’t hold IT for now."
Disclosure: Analyst has delta neutral positions in the Nifty and investments in shares.