Feb 27, 2013, 09.45 AM | Source: CNBC-TV18
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.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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.”